Momo purchases Tantan, China’s Tinder, for more than $600M as Chinese social networks consolidate
WeChat is actually by far the greatest messaging program inside the China currently, which is helping to drive a hit one of the shorter members to find along with her for most readily useful scale. Today, Momo, the new Chinese place-centered social network software who has got more recently made a massive push toward dating services which can be replaced into the Nasdaq with an effective sector cover of about $6 mil, announced so it keeps received Tantan, China’s better relationships software, for “approximately 5.3 mil recently given Class An excellent ordinary offers of the Business and you can United states$600.9 billion during the cash”.