Update: Monetising the freemium model
migme’s (MIG’s) social media platform is initially targeting the rapidly growing mobile internet markets in Indonesia and India, where there are expected to be 294 million smartphone users by 2017. By taking a different approach to the more established Facebook, MIG believes its platform will have little competition from other freemium sites and will be suitable for the emerging markets. It hopes to continue to rapidly scale its user base, which doubled to over 10 million in the four months to December 2014.
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