Press Room Order of Knights Templar
Principality of Monaco
Search
Recent Topics
Hottest Topics
Top Downloads
Member Listing
Back to home page
Register
/
Login
Preview
Subject:
Forum Index
»
Finance International
Reply to "A Quote from the FT :"
Subject
Message body
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Cavaliere1]TikTok lookalike Zynn is a thoroughly modern app. It has managed to elbow aside the extraordinarily popular video app to top the US combined Android and iPhone charts. Its business model, however, sounds distinctly old-school. Many social media apps allow users with vast followings to reap some income from their videos. Zynn goes a step further, letting its users earn points — redeemable for cash — for watching videos and bringing new users on board. Genius or foolhardy? Users are divided… Pyramid-style schemes have proved a popular, if controversial, way for businesses to build customers in the past. Even in the tech world, losing cash on what start-ups like to call “customer acquisition” is a rite of passage… The company behind the app is Owlii, which started life just four years ago as a group of PhDs from Beijing’s elite Tsinghua University. Owlii is backed by Shunwei Capital, a mainland-based venture capital firm chaired by Lei Jun, founder and chief executive of Xiaomi telecoms group. That puts it in some smart company. Shunwei’s 300-strong portfolio includes a number of video-sharing apps, including Tencent-backed Kuaishou (whose logo also adorns Owlii’s website), iQiyi, which was spun out of search engine Baidu, and ByteDance, owner of TikTok. Nothing like hedging your bets.? Lex.[/quote]
Options
Attachments
Disable BB Code in this message
Disable smilies in this message
Limit of files to attach:
3
Type in the text field the word shown in the image:
Hard to see the words?
Generate a new one
Review message
Mobile view
Powered by
JForum 2.5.0
© 2018
JForum Team
• Maintained by
Andowson Chang
and
Ulf Dittmer