Momo shopping Tantan, China’s Tinder, for over $600M because the Chinese internet sites combine

Momo shopping Tantan, China’s Tinder, for over $600M because the Chinese internet sites combine

WeChat is actually by far the greatest chatting program when you look at the Asia at this time, which is helping to drive a hit one of several smaller players locate along with her having ideal measure. Now, Momo, the Chinese area-centered social networking app who has got recently produced a massive push for the online dating services which is exchanged to the Nasdaq with a good market cap of around $6 million, revealed that it enjoys gotten Tantan, China’s greatest dating app, to possess “everything 5.step three mil newly awarded Category A great typical shares of your Company and you can United states$600.9 million during the dollars”. (more…)

Continue ReadingMomo shopping Tantan, China’s Tinder, for over $600M because the Chinese internet sites combine