Wednesday, January 22, 2020

Facebook-like social media app launched in Vietnam

Jul 24. 2019
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By Viet Nam News
Asia News Network

Gapo Technology JSC on Tuesday officially launched a “made in Vietnam” social network called Gapo, in an effort to shift users to a local platform amidst the strong presence of global players on the market.

The mobile app lets users create personal profiles, upload video, images and share posts to a Facebook style “news feed”. It also offers livestream and blogging functions and allows users to identify accounts to protect information, pay online or use public services.

Gapo, the app that mimics Facebook, is aiming to attract three million users in 2019 and 50 million by 2021.

Speaking at the launch ceremony, Gapo’s chief executive Ha Trung Kien, said the app was developed in April and was launching now to encourage responses from users. 

“Gapo will focus on personalising the user experience,” Kien said.

Gapo received VND500 billion (Bt663.8 million) in funding from tech corporation G-Group, whose other assets include Mekong Capital-backed pawn shop chain F88 and Belt Road Capital Management-backed P2P lending start-up Tima.

With the investment commitment, Gapo became the 9th member under G Group ecosystem including F88, Tima, G-Pay, Ginnovations, BEATVN, GameTV, VSEC and G-Capital.

The capital injection will be used for Gapo’s first phase of development.

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

The launch of Gapo comes at a time when the Ministry of Information and Communication is calling for the establishment of “made in Vietnam: social platforms. Several apps have been built, such as VietnamTa and Hahalolo, but they have lacked basic investment.

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

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