Popular Chinese dating software Tantan is prepared for the full-fledged launch in Asia in August in 2010. Tantan, which will be many comparable to US-based dating software Tinder, created a distinct segment for it self into the Chinese market within 3 years of launch in 2015. The business claims to possess made seven billion matches, when compared to Match GroupвЂ™s Tinder which apparently made eight billion matches since its launch in 2012.
Tantan, which had drawn opportunities from Nasdaq-listed platform that is live-streaming Inc., Genesis Capital, and SAIF Partners and others, ended up being obtained by Momo in a money and stock deal worth nearly USD 800 million in February this present year. After Momo produced effective pivot to live streaming, the companyвЂ™s revenue jumped fourfold within per year. About 68% of the yearly revenue (USD 328 million in Q1 2018) originated in the live-streaming business. Momo shall you will need to leverage its purchase by combining its providing to its users.
For the present time, Tantan will continue to be a split stand-alone app, even though it’s most most likely that Momo will fundamentally introduce cross-app features. The item has in-app acquisitions on iOS for the number of solutions at a price of USD 1 to USD 15.