Tencent and NHN are 'credible threats' says Ovum
After gaining a foothold in several Asian markets, China’s Tencent and South Korea’s NHN are eyeing other massive markets Ovum sees each groups as ‘a reputable hazard’ in most markets they enter INDEPENDENT telecoms analyst corporation Ovum has positioned China’s Tencent and South Korea’s NHN at the radar, as both businesses look to extend past their domestic place. Categorised as massive Asian over-the-pinnacle (OTT) service players, each brands have leveraged upon their social messaging platforms to advantage extensive consumer bases in several Asian markets and have plans to goal other massive markets, together with the US. As of Sept 2012, Tencent’s Wechat (referred to as Weixin in China) had a user base of over 200 million customers, whilst NHN’s Line had over 60 million customers. Better recognized for its messaging, virtual gaming, and social networking offerings, Ovum consumer analyst Mark Ranson stated that Tencent is taking a long-term view with Wechat, steadily b...