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We've all seen those "OMG! Don't make us pay for Facebook" fake petitions, but App.net and The Social Network raise questions about how our social services raise their moolah. Tencent's Sophia Ong has revealed that it's in the unique position of having users happy to pay for services that we take for granted. While signups for QZone (Facebook equivalent) is free, users have to use QBs, the site's virtual currency, to buy and clothe their avatars. While 1 QB = 1 yuan ($0.16), there are 30 million paying customers on the site -- meaning that the company can count on around $50 million in monthly payments. It's not stopping there either, sensing a slowdown in the local economy, the company has an eye on opening up its eCommerce platform to ensure it can continue to rake in the cash.
Filed under: Internet
Tencent reveals how it gets users to pay for its service originally appeared on Engadget on Tue, 14 Aug 2012 09:48:00 EDT. Please see our terms for use of feeds.
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Wireless HiFi maker, Sonos, has just signed a deal with Tencent Holdings to provide the QQ Music service direct via its hardware in China. The holdings firm owns the QQ suite of internet services that boasts a massive user base in the country. QQ Music already exists in an ad-supported form, but the new partnership will break it out directly into audio equipment, and hopefully encourage users over to the premium paid-for version. The consumer preview is available on all Sonos systems if China now via the Sonos controller. A personalized version will follow, later this year.
Sonos to bring subscription-based QQ Music service to its hardware in China originally appeared on Engadget on Tue, 08 May 2012 13:31:00 EDT. Please see our terms for use of feeds.
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