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According to Momo, in June 2014, total registered users and MAU reached 148 million and 52. How it works Like Tinder, Dattch is hooked into your Facebook profile, meaning only those who identify as female can register. In total, Momo raised approximately USD 40 million.

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Founding and incorporation Tang Yan, Zhang Sichuan, Lei Xiaoliang, Yong Li, and Li Zhiwei co-founded Beijing Momo Technology Co. Prior to founding the company, Tang Yan worked as editor and then editor-in-chief at. The other co-founders all have prior experience with major Chinese Internet companies. In July 2014, Momo Technology Company Limited was renamed to Momo Inc. In December 2011, Momo established Momo Technology HK Company Limited Momo HK as a wholly owned subsidiary in. In March 2012, Momo HK established Beijing Momo Information Technology Co. In May 2013, Beijing Momo established Momo Technology Co. Chengdu Momo , as a wholly owned subsidiary. Growth In December 2011, Momo announced reaching half a million users. Three months later, the number of Momo users reached 2 million. Momo reached 10 million users on its first anniversary in August 2012. In October 2012, Momo surpassed 15 million users. In 2014, App Annie reported that Momo was the number 2 non-game app of 2013 in terms of revenue. In February 2014, TechNode reported that Momo had announced reaching 100 million registered users. Momo executives also claimed they had reached 40 million MAU. According to Momo, in June 2014, total registered users and MAU reached 148 million and 52. China Internet Watch reported more conservative estimates. In the months of August and September 2014, Momo had 51. Momo's prospectus reported 60. Financing Momo reportedly raised USD 2. Angel investor, PurpleSky Capital ZiHui ChuangTou , and led this round of financing. However, Momo's Form F-1 filed with the SEC reports that USD 5 million was raised in this round of financing. China Renaissance Partners acted as the exclusive financial advisor. There was much speculation as to whether or not Chinese e-commerce giant, Alibaba Group, was involved in this round of financing. In total, Momo raised approximately USD 40 million. In October 2013, raised USD 45 million in Series C financing. Matrix Hong Kong, Gothic Partners, L. In May 2014, Momo raised USD 211. Momo sold Series D preferred shares to Sequoia Capital China Investment Holdco II, Ltd. It enables users to establish and expand their social relationships based on similar locations and interests. Some features of the application include subsections like: Nearby Users, Groups, Message Board, Topics, and Nearby Events. Users also make a -like profile and are encouraged to include as much information as possible. Momo execs claim that this allows their software to create more accurate matches with nearby strangers. Momo prides itself on sifting through the clutter of mobile Internet users to find personalized matches for its users. Momo offers users paid membership subscriptions. A membership will cost around USD 2 a month, or less if a user commits to a longer term of use. As of September 30, 2014, there was 2. Like many other instant messaging services, Momo has integrated mobile games into their platform to monetize off their large user base. Third parties develop games, and revenues from in-game purchases are shared between Momo and the developers. In August 2014, Momo launched Dao Dian Tong, a marketing tool for local merchants. Members can see the businesses just as they would see other Momo users. Momo plans to further monetize user traffic by referring users from the Momo platform to e-commerce companies. Anti-plagiarism In December 2012, Momo made an official announcement to accuse of copycatting straight from all the features of Momo Group. However, did not give its formal response. Statement made by NetEase On December 10, 2014, Momo's founder and CEO 's former employer released a statement, accusing that Tang Yan has issues, issues, and has been detained due to personal affairs by the local police in 2007. Momo has spent millions of dollars to reverse the image of Momo as a one-night stand app. Momo, through its Weibo account, continues to engage the online community through various campaigns. A new way to build a relationship Although Momo is widely considered as adult social application, there are couples claiming that meetings on Momo resulted in marriage. Momo now focuses on building all types of relationships, and no longer propagates itself as exclusively a monogamous relationship building applications. Retrieved 25 January 2013. Retrieved 25 January 2013. Retrieved 25 January 2013. Retrieved 25 January 2013. Retrieved 25 January 2013. Retrieved 25 January 2013. Contact Center Solutions Industry News. Retrieved 25 January 2013. Retrieved 10 December 2014. Retrieved 25 January 2013. Retrieved 25 January 2013. Retrieved 25 January 2013. Retrieved 25 January 2013.

As of September 30, 2014, there was 2. Like many other instant messaging services, Momo has integrated mobile games into their platform to monetize off their large user base. Browse: You can select the page of your choice and move there. Dating South African Men, Dating Advice From Guys, Free South African Online Dating Sites. Momo Dating App English Older Person Dating Site, Online Dating Time Wasters, Military Scams On Dating Sites. Momo now focuses on building all types of relationships, and no longer propagates itself as exclusively a monogamous relationship building applications.