Popular Chinese dating software Tantan is prepared for a full-fledged launch in Asia in August this current year. Tantan, that is many comparable to US-based dating software Tinder, created a distinct segment for it self into the Chinese market within 36 months of launch in 2015. The business claims to have made seven billion matches, compared to Match GroupвЂ™s Tinder which apparently made eight billion matches since its launch in 2012.
Tantan, which had drawn assets from Nasdaq-listed live-streaming platform YY Inc., Genesis Capital, and SAIF Partners amongst others, ended up being acquired by Momo in a money and stock deal well well worth nearly USD 800 million in February this season. After Momo produced pivot that is successful live streaming, the companyвЂ™s revenue jumped fourfold within per year. About 68% of its yearly revenue (USD 328 million in Q1 2018) originated in the live-streaming company. Continue reading “Chinese App that is dating Tantan set to release in Asia”