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Red Alert! Tencent Joins Android App Stores Competition

Lacking of paid apps and additional business models, and facing a tough competition from tens of similar services, as we predicted back in April, most Chinese independent Android app stores will have a hard time sooner or later. GFan is the only one we heard recently raised $5 millions and the others such as NDuoa (early invested by Shanda), eoeMarket etc we don’t even know what they are working on. And we even heard that one popular Android app store has been acquired by a giant at a cheap price (as it’s running out of money). Unfortunately, now the situation is even getting worse, the super giant, Tencent, just released its own Android App Store.