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Tencent’s profit rises by 50% Tencent, the Chinese internet giant that owns WeChat, posted net profit of $941m for Q4 2014, up 50% year-on-year. Total revenue hit $3.37bn, a 24% rise over the same period and largely attributed to mobile games and advertising. In addition, the company also announced that as of Q4 2014 WeChat […]

Twitter to open an office in Hong Kong While Twitter may be blocked in China, that is not stopping them from starting an office in Hong Kong to help Chinese companies grow their businesses overseas. Following Facebook‘s strategy, Twitter’s move is in a bid to grow itself even in markets where it does not have […]

Line adds 1.7 million new users a day Jeanie Han, CEO of Line Euro-Americas, recently shared some stats at the Mobile World Congress that took place last week. During her keynote, she shared that Line currently has over 560 million registered users worldwide, with 1.7 million additional new users every day. Interestingly, she calls Line a […]

China’s social network sites remove fake accounts An estimated 60,000 fake accounts have been removed by Sina Weibo, WeChat and QQ — China’s top social media sites. This comes after the country’s State Internet Information Office (SIIO) implemented new regulations to “promote the healthy development of the internet industry”. These regulations include banning the use of certain nicknames, impersonation accounts of […]

Facebook brings Internet.org to India Facebook’s Internet.org is a project that aims to provide basic mobile Internet services for free to the masses in emerging markets such as several African countries and Colombia. It is now extending that initiative to another market, India. Run in partnership with Indian operator Reliance, the initiative has been launched in six initial states: Tamil Nadu, Mahararashtra, Andhra […]

Twitter opens new R&D centre in India With India set to become Twitter’s largest market after the US (with a projected 40 million users by 2018), it comes as no surprise that they have confirmed to open a new R&D centre in Bangalore, Twitter’s first centre outside of the US. It is likely that the Zipdial […]

Last Tuesday, Snapchat announced that media companies like CNN, National Geographic, Vice, MTV, ESPN, and The Daily Mail, will be programming content for them. This content will appear in a new section of their app called “Discover.” To watch these “snaps”, like all other Snapchat content, you press a button and it plays – as […]

Facebook launches a simplified app for low-end Android phones Facebook has quietly launched Facebook Lite, an app specifically designed for low-end Android phones. It was launched across a handful of countries across Asia and Africa (Bangladesh, Nepal, Nigeria, South Africa, Sudan, Sri Lanka, Vietnam and Zimbabwe). The app, which is a mere 252KB in size, is […]