Momo expenditures Tantan, China’s Tinder, for more than $600M due to the fact Chinese social networks consolidate

For its area, Momo had been stepping into online streaming properties but with bodies stress across the content of these functions, going to its relationship sources possess decided a safer wager for the moment

WeChat is actually by far the greatest chatting platform inside China currently, and is helping to drive a push among faster participants to locate together with her getting finest measure. Today, Momo, the fresh new Chinese venue-established social media software who has got more recently generated a massive push to the dating services that is traded towards the Nasdaq that have an excellent sector cover around $6 mil, launched it has actually gotten Tantan, China’s finest relationships application, to own “everything 5.step three million recently approved Group An excellent average shares of the Company and you will All of us$600.9 million inside cash”. Continue Reading