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Does Snapchat matter in Asia?

Snapchat’s parent company, Snap, recently IPO’d with unprecedented media coverage in the West.

In Asia, however, coverage was much lighter as the app has not enjoyed the same cultural impact in the region as it has in the US and Europe. Does this mean that Asians are oblivious to a future trend – or has Snapchat missed its chance to win over the region’s 1.8 billion internet users?