WeChat was far and away the largest chatting system into the Asia today, which can be helping push a push one of several quicker participants to locate along with her to own most readily useful level. Today, Momo, the Chinese place-depending social network app who has recently produced a giant push toward dating services and that is exchanged on Nasdaq that have a business cover of approximately $six million, revealed this has actually gotten Tantan, China’s most readily useful dating software, for “approximately 5.step three mil freshly granted Category An effective normal offers of your own Business and you will United states$600.nine million in the bucks”.
It’s not obvious how you to rates compares to Tantan’s pre-hop out valuation: it got never ever uncovered the quantity. Full, Tantan had elevated $120 mil, plus a great $70 million bullet this past year out of a mixture of strategic and you will monetary investors. Its backers incorporated Kleiner Perkins, video social network YY, Genesis Resource, SAIF Asia, Zhongwei, DCM and you will Bertelsmann. Continue reading “Momo shopping Tantan, China’s Tinder, for over $600M because Chinese social media sites combine”