Group-purchasing, ride-hailing, VR/AR, shared spaces, bike-rental… New trends or verticals continue to emerge in China’s tech world. Some will blossom, some will perish, but everything could happen really fast. Unfortunately, startups that are targeting at China’s “dama” (大妈) fall in the second category. Only three or four firms are still in the business while a majority of their peers either shift focus or collapsed, local media reported.
The apps for square dancing, the unarguably favorite pastime of Chinese dama, began to flourish in 2015. Over the past two years, over 60 startups entered this field. At its peak, apps that boast hundreds of thousands of downloads like Tangdou, Jiuai (就爱) and 99广场舞 began to emerge. Most adopt various means to commercialize the business, from ads, travel, e-commerce to offline events. The live streaming boom also penetrated square dancing app sector, but it’s difficult to keep the users due to sophisticated operations.
A CNNIC report shows that Chinese netizens aged above 60 years totaled 36 million, accounting for 4.8% of China’s 751 million internet users.
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