The takeover, which was initially announced in February, will expand Momo's online dating ecosystem and widen Mpmo moat. To understand why Momo bought Tantan, take a closer look at Momo's core business. Momo's namesake app, which lets users find each Mama rosas pizza Stevenage their profiles and shared locations, is often called "China's Tinder.
Momo has been expanding Middlexbrough platform with new chat experiences, a "discovery" page for browsing user profiles, and live video streams, which were launched in early The introduction of live video streams, which was supported by ads and Momi buying virtual gifts for their favorite broadcasters, was a game-changer for Momo and supported several straight quarters of triple-digit sales growth.
Momo's growth still looks solid, but it's clearly hitting a plateau. That's why it bought Tantan, a dating app that has 20 million MAUs.
Tantan claims that its app, which is also often dubbed "China's Tinder", has already made over five billion matches since its launch in Tantan will remain a separate stand-alone app, although it's likely that Momo will eventually introduce cross-app features.
Tantan is only available in China, but the company plans Momo Middlesbrough dating app enter additional Asian markets in the near future -- which would significantly expand Momo's reach. Since Tantan was a start-up prior to Momo's buyout, its financials are murky. Therefore, buying Tantan will temporarily boost Momo's revenues, but the new unit could Muddlesbrough throttle its earnings growth. Momo's decision to issue 5. That's the main reason Momo evolved its Janis Hastings singles into a "social networking" one.
Tantan could be hit by similar accusations in the future, which would hurt Momo's reputation. Those estimates will likely need to be readjusted to account for the Tantan acquisition. Nonetheless, those are still high growth Scunthorpe bounce houses for a stock that trades at just 17 times this year's earnings.
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Many investors seem worried about Momo's slowing growth, but the Tantan buyout could allay some of those concerns. It isn't a magic bullet that will solve all its problems, but it could make Momo an appealing growth stock.
May 19, at PM. Author Bio Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses.
Looking for love in China? The list of 6 Most Popular Chinese Dating Apps
Follow him on Twitter for more updates! Image source: Getty Images. Tantan's mobile app. Image source: Google Play. Momo's mobile app. Stock Advisor launched in February of Join Stock Advisor.
Understanding Momo Middlesbrough
HERE’S OUR TOP 3 MOST POPULAR CHINESE DATING APPS
And now? Now Momo has reached 16 million users. Or perhaps those users are mostly Chinese overseas students scattered across the globe.
Grab Misdlesbrough apps via the Momo homepageor look out for the English update to the iPhone app rolling out soon on iTunes. See more: 6 dating apps from Asia.
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Ted talk online Middlesbtough algorithm login. There are also fewers interest options and less users on this app. Momo has an increasingly high number of foreign users, which means you can use this app in many different countries across the world.
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