Messaging is Eating the World (by Edith Yeung)

Messaging is Eating the World Edith Yeung @edithyeung

Edith Yeung is a Partner at 500 Startups’ Mobile Collective, focusing on investing in mobile apps and consumer internet startups. Before 500, Edith was the VP of marketing & business development for Dolphin Browser. Dolphin Browser is a Sequoia-backed mobile browser with over 150 million installs worldwide. She also founded RightVentures - seed stage investment firm focusing on mobile and consumer internet companies. Prior, she led many operation roles at Oracle, Siebel, AT&T, Symantec, Telstra, Cisco, Autodesk, etc. @edithyeung

Everyone is messaging. @edithyeungSource: Quartz h.p://qz.com/404239/facebooks-‐global-‐dominance-‐of-‐messaging-‐in-‐two-‐maps/

WhatsApp is #1 Messaging App in the World with over 800 million monthly active users Source: StaDsta h.p://www.staDsta.com/staDsDcs/258749/most-‐popular-‐global-‐mobile-‐messenger-‐apps/ @edithyeung

Facebook & Tencent own more than 2.7 billion monthly active messaging users. @edithyeung

Source: PEW Internet research h.p://www.pewinternet.org/2015/08/19/mobile-‐messaging-‐and-‐social-‐media-‐2015-‐main-‐ﬁndings/ 49% of smartphone owners ages 18 to 29 in the US use messaging apps @edithyeung

Beyond Texting 1.  Voice 2.  Images 3.  Videos 4.  Money Transfer 5.  Dating 6.  Image recognition @edithyeung

Voice call functionality is now available on WhatsApp, Facebook Messenger, WeChat, Kakao Talk & Line.

Snapchat has 200 million users who share 8,796 photos per second. @edithyeungSource Adweek h.p://www.adweek.com/socialDmes/how-‐many-‐photos-‐are-‐uploaded-‐to-‐snapchat-‐every-‐second/621488

@edithyeung Facebook Messenger users made over 1 million video calls during the first two days after launch. Skype killer? Source: Mashable h.p://mashable.com/2015/05/05/facebook-‐messenger-‐1-‐million-‐video-‐calls/#M_8xsfNp.kqu

@edithyeung Starting November 2015, WeChat Payment supports British pound, Hong Kong dollar, U.S. dollar, Japanese yen, Canadian dollar, Australian dollar, Euro, New Zealand dollar and Korean won. Source: Xinhuanet -‐ h.p://news.xinhuanet.com/english/2015-‐11/20/c_134838085.htm

Magic in the Messaging bottles, not Tinder. @edithyeung

@edithyeung WeChat launches image recognition by location, book & music cover and languages. Source: Xinhuanet -‐ h.p://news.xinhuanet.com/english/2015-‐11/20/c_134838085.htm

Payment is the foundation to Messaging Revenue. @edithyeung

Source: StaDsta h.p://www.staDsta.com/staDsDcs/487656/mobile-‐messaging-‐apps-‐revenue/ Asian Messaging apps generated over $3.8 billion combined revenue in 2015 @edithyeung

1.  Shopping 2.  Selling 3.  Transportation 4.  Customer Service 5.  Banking 6.  Non-profits donations 7.  Real Estate Beyond Social Seven WeChat Business Cases @edithyeung

Buy train, movie tickets, electricity, water, gas and phone bills via WeChat payment. @edithyeung

Set up their own shops using Weidian (Shopify for WeChat) @edithyeung

Engage customers in conversation before, during and after a sale. @edithyeung

WeChat is not enough. WeBank. @edithyeung

WeChat for Non-profits @edithyeung

WeChat for Real Estate @edithyeung

Messaging will redefine the mobile industry. @edithyeung

Just a few predictions… @edithyeung

Messaging will be the biggest threat to Google Search. @edithyeung

Messaging Voice Feature – One of the Biggest Threats for Telecom Operators. @edithyeung

Messaging Apps will process more shopping transactions than all other shopping apps combined. @edithyeung

Messaging by the number 1.  WhatsApp is #1 Messaging App in the World with over 800 million monthly active users. 2.  Facebook & Tencent own more than 2.7 billion monthly active messaging users. 3.  Snapchat has 200 million users who share 8,796 photos per second. 4.  Facebook Messenger users made over 1 million video calls during the first two days after launch. 5.  Asian Messaging apps generated over $3.8 billion combined revenue in 2015 6.  With over 3 billion combined monthly active users, businesses are reaching their audience via messaging apps. 7.  Top messaging apps are Facebook messenger, Whatsapp, Wechat, Line, QQ, Line, Kakao talk, Viber, iMessage, etc. @edithyeung

You can find my presentation at: •  Deck http://www.edith.co/#blog •  Email edith@500.co •  Twitter @edithyeung •  Newsletter http://www.edith.co/#newsletter @edithyeung