WeChat is much and aside the greatest messaging platform in China at this point, and that's helping drive a drive one of the many modest professionals getting collectively for best range. Here, Momo, the Chinese location-based online community application which includes more recently had a big press into dating services and it's exchanged on Nasdaq with market cap close to $6 billion, launched it possess got Tantan, China’s top going out with app, for “approximately 5.3 million newly circulated course one ordinary companies associated with the organization and US$600.9 million in cash”.
it is unclear how that costs compares to Tantan’s pre-exit price: it have never revealed the amount. All-around, Tantan got increased $120 million, including a $70 million round just last year from a blend of proper and economic individuals. Their backers included Kleiner Perkins, video social media YY, Genesis finances, SAIF China, Zhongwei, DCM and Bertelsmann.
We’d truly known gossips on this obtain not too long ago, as a result it’s not coming as an entire marvel.
WeChat possess in a sense authored the playbook in China for how to leverage a preferred social platform to move into different relevant facilities (commerce are various biggies), and it seems that would-be competition are generally as a result of fit. להמשיך לקרוא Momo gets Tantan, China’s Tinder, for upwards of $600M as Chinese social media sites consolidate