geolocation
Location-based services, FourSquare and its clones are everywhere. China (where I guess 4sq is blocked anyways) has already produced a number of 4sq clones. I know of at least two 4sq clones or location-based services operating in Vietnam (shout out to friends at go100). And earlier this year Koprol, an Indonesian FourSquare-ish LBS was acquired by Yahoo.
But the number of stores and restaurants offering actual benefits to users repeatedly checking in... is less than the number of competing websites where you can check-in to them.
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Foursquare is a way for people to advertise to advertisers, Twitter "friends", and everyone else the fact that you're willing to be advertised to. That is, you spam to be spammed. It's basically awesome for marketers.
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