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Today, Momo, the Chinese location-based social networking app that has more recently made a big push into dating services and is traded on Nasdaq with a market cap of around billion, announced that it has acquired Tantan, China’s top dating app, for “approximately 5.3 million newly issued Class A ordinary shares of the Company and pre-exit valuation: it had never disclosed the number.
Overall, Tantan had raised 0 million, including a million round last year from a mix of strategic and financial investors.
It’s a breakout success in a traditionally neglected gaming demographic — and female-focused gaming company Pape Games is pulling out all the stops to win over players’ hearts.
There’s Li Zeyan (the high-powered CEO with a heart of gold), Bai Qi, (the rugged police officer), Xu Mo (the sensitive genius scientist), and Zhou Qiluo (the fun-loving pop star).
That’s the main reason that I came to China for work.Specifically, the deal will indeed give Momo a big boost in its own dating business.Tantan said that it has enabled 5 billion matches since launching in 2015.I’ll keep the Chinese dating show updated as I learn new dimensions of dating in China.If you have any query on Chinese dating, feel free to post in our forum so that others could also contribute and learn.