January 29, 2013

SMS at start of long decline for China telcos

The stalling growth in SMS will turn into a rapid decline starting this year, forcing China's three telcos into alliances with private message service providers like Sina and Tencent. South China Morning Post reports.

quotemarksright.jpg... From a revenue perspective, SMS revenue is still quite substantial, accounting for about 9 per cent of China Mobile's 528 billion yuan (HK$657 billion) in revenue last year.

Industry watchers will know that the culprits stealing away the SMS business are a new generation of mobile apps, most notably Sina's (Nasdaq: SINA) popular Weibo microblogging service and Tencent's equally fast-rising WeChat, a mobile instant messaging service. Sina Weibo now boasts over 350 million registered users, many of whom access the service over their mobile phones, and WeChat also has around 300 million users just two years after its launch.quotesmarksleft.jpg

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emily | 4:13 PM | Text Messaging Apps | Add this this entry to your del.icio.us bookmarks. Digg This Technorati search results for this Entry
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