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VUE VLOG, a short video platform acquired by Tencent that had more than 10 million users, has announced it will cease operations

via:新浪科技     time:2022/7/1 14:01:03     readed:429

图虫Figure worm

The reporter | Cheng Lu

On the evening of June 30, VUE Vlog, a short video platform with more than 10 million users, announced through its official wechat account that it will cease operation and has been removed from major app stores.

According to the announcement, from July 1, VUE VLOG will stop new user registration, member top-up services, and some client functions. But registered users can still log in, browse and download previously uploaded videos. At the same time, users can continue to log in and use the membership service until the expiry of the membership service term.

From September 31, VUE VLOG will cease all operations and shut down its servers and official website. VUE VLOG reminds users to download the video to save before 23:59 on September 30, 2022 in case of loss, withdraw the fuel money and refund the unused gold coins.

VUE Vlog was founded in March 2016, started from short video shooting and editing applications, with movie-like picture, exquisite filter effects and music, has won a lot of supporters. Although the market has emerged at that time, xiaoka show, second clap, Kuaishou, The United States and other products, but stressed that no threshold to quickly start VUE still got all the way to zhenfund, Bertelsmann, Jiuhe Venture capital, Joy capital and other institutions investment.

In 2018, VUE completed two major updates. First, in July of that year, it added the community function, which allows users to upload videos to the channel according to different themes, and communicate and interact within the community. Then in December, the product was renamed "VUE Vlog", and the positioning was officially shifted from a video tool to the Vlog community.

Kuang Fei, its founder, told the media that the vision of the company, established with angel investors in 2016, was to be "the preferred video creation and sharing platform for mobile users", aiming to become the Chinese version of Instagram for video.

After the transformation of Vlog community, the registered users of VUE community have exceeded 12 million, and the number of downloads through Huawei App Store alone has reached 8.6 million, and more than 50,000 short videos are produced every day. By 2019, it had more than 100 million installed users and was featured on the first page of the App Store in more than 120 countries.

In September 2020, 36kr reported that VUE Vlog had been wholly-owned by Tencent, valued at nearly $50 million, and was an all-cash transaction.

At that time, the background of the rise of short video, Vlog content attention is also rising, the layout of various Internet giants, Tencent's acquisition, was interpreted as intended to occupy a place in the video field. However, since then, the public's browsing habits of Vlog still remain in B station, Weibo, Douyin and other larger plates platform, VUE seems to have been the product of Vlog's small circle.

translate engine: Youdao

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