Momo buys Tantan, China’s Tinder, for over $600M as Chinese social networks consolidate

 WeChat is far and away the biggest messaging platform in China at the moment, and that is helping to drive a push among the smaller players to get together for better scale. Today, Momo, the Chinese location-based social networking app that has more recently made a big push into dating services and is traded on Nasdaq with a market cap of around $6 billion, announced that it has… Read More

source https://techcrunch.com/2018/02/23/momo-buys-tantan-chinas-tinder-for-600m-as-chinese-social-networks-consolidate/?ncid=rss