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Chinese App that is dating Tantan set to release in Asia

Chinese App that is dating Tantan set to release in Asia

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 Group’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 company’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.