Reflections 5 - Social Media

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23/02/2015

Reflections5:SocialMedia

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Reflections5:SocialMedia
DueDate:25thFeb2015,12:00SGT
ForthisReflectionsexercise,wewillapplytheconceptswestudiedthisweektoanewersocialmedia
inAsia,WeChat.Asalways,pleaseopenaseparatethreadforeachofyourresponses.Doreferto
theGuidelinesforyoursubmissionsifyou'reunclear.
WeareintroducedtoWeChat(orWeixin,togobyitsChinesename)intheNewYorkTimesasthe
following:
JustthreeyearsafterbeingintroducedinChina,Weixin[WeChat]hasnearly300millio
nusersafasteradoptionratethanFacebookorTwittergivingtheappadominantp
ositioninwhatisnowtheworldsbiggestsmartphonemarket.

AuserhadalsolistedthefeaturesshelikesinWeChatinablogpostonTheNextWeb.
1. Weclassifiedsocialmediaintothreegroupsthisweek.Basedonyourexperience,(orwhatyouve
readsofar),intowhichcategory(orcategories)doyouthinkWeChatwouldfallunder?Briefly,
why?
2. Someofthediscussionthisweekwasalongthelinesofswitchingcosts.Briefly,whatarethe
switchingcostsforWeChat?Aretheyhighorlow?
3. Afurtherpartofourdiscussionwasonthenatureofsocialties,whethertheyarestrongorweak.
Inyourview,whatkindofties,strongorweak,arebestencapsulatedbyWeChat?Arethey
differentfromthoseweprimarilysawinFacebook?
4. ParticulartothecurrentLunarNewYearfestivities,WeChathadintroducedanewfeaturelast
yearwheretraditionalredgiftenvelopeswithmoneycouldbeexchangedvirtuallythroughtheir
service.Inyourview,whatkindofties,strongorweak,didWeChatexploithereinthisfeature?

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23/02/2015

Reflections5:SocialMedia

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