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 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 Group’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 company’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”