Vietnam launched Facebook-like platform called Gapo

Vietnam Launched Facebook-like Platform Called Gapo

Vietnam’s Internet users on July 23 swamped a new, homegrown social media platform called Gapo, a mobile app that resembles Facebook as it lets users create personal profiles and share posts to a Facebook style news feed. It also has functions of livestream and blogging and allows users to identify accounts to protect information, pay online or use public services.

The service was developed by Gapo Technology JSC after the Vietnamese government encouraged domestic startups to create alternatives to US tech giants such as Facebook and Google under a “made in Vietnam” theme.

Gapo has received 500 billion dong ($21.55 million) in funding from venture capital and tech enabler firm G-Group, its CEO Ha Trung Kien said.

“Vietnamese users and enterprises are relying too much on Facebook as there are not so many social networks for them to choose from,” Kien said, adding that Gapo plans to reach three million users in 2019 and 20 million by January 2021.

Gapo also announced it would team up with Sony Music Entertainment to feature music content by the strategic partner.

Of its population of 97 million, 42 million Vietnamese people use Facebook every day, local media reported in 2018.

Domestic social platforms built prior to Gapo, such as VietnamTa and Hahalolo are also similar to Facebook, although neither has managed to build a large user base.



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Vietnam's Internet users on July 23 swamped a new, homegrown social media platform called Gapo, a mobile app that resembles Facebook as it lets users create personal profiles and share posts to a Facebook style news feed. It also has functions of livestream and blogging and allows users to identify accounts to protect information, pay online or use public services. The service was developed by Gapo Technology JSC after the Vietnamese government encouraged domestic startups to create alternatives to US tech giants such as Facebook and Google under a “made in Vietnam” theme. Gapo has received 500 billion dong ($21.55...

Vietnam Launched Facebook-like Platform Called Gapo

Vietnam’s Internet users on July 23 swamped a new, homegrown social media platform called Gapo, a mobile app that resembles Facebook as it lets users create personal profiles and share posts to a Facebook style news feed. It also has functions of livestream and blogging and allows users to identify accounts to protect information, pay online or use public services.

The service was developed by Gapo Technology JSC after the Vietnamese government encouraged domestic startups to create alternatives to US tech giants such as Facebook and Google under a “made in Vietnam” theme.

Gapo has received 500 billion dong ($21.55 million) in funding from venture capital and tech enabler firm G-Group, its CEO Ha Trung Kien said.

“Vietnamese users and enterprises are relying too much on Facebook as there are not so many social networks for them to choose from,” Kien said, adding that Gapo plans to reach three million users in 2019 and 20 million by January 2021.

Gapo also announced it would team up with Sony Music Entertainment to feature music content by the strategic partner.

Of its population of 97 million, 42 million Vietnamese people use Facebook every day, local media reported in 2018.

Domestic social platforms built prior to Gapo, such as VietnamTa and Hahalolo are also similar to Facebook, although neither has managed to build a large user base.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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