MOMO lost about a third of its market value over the past three months due to concerns about its growth, the rise or rival apps, and tighter regulations regarding social media platforms and streaming videos. But before we make a call on Momo’s future, we should clear up five common misconceptions about the company. It’s not the “Chinese Tinder” Momo’s social media app is often called the “Chinese Tinder”, because it’s often used for dating. But the two apps aren’t really analogous. MTCH Tinder is a free app, but paid users get unlimited likes, an undo feature called “Rewind”, and a “Passport” feature to locate users while traveling. Subscription fees vary by age and location. It recently started selling ads, but most of its revenue still comes from subscription fees.
Alibaba joins Momo buyout group
It was renamed Maemo version 5 and shipped with the Nokia N in Nokia announced that year that the N8 would be the last flagship phone to run Symbian , and “Going forward, N-series devices will be based on MeeGo”. In compliance with agreements with Intel, only one MeeGo device was released, the Nokia N9 , which achieved iconic status. Despite the N9 market success the MeeGo project in Nokia was already sentenced and a general atmosphere around it was having more and more negative influence on the MeeGo team and other Nokia employees.
Shares of dating app operator Momo Inc., often called the Chinese equivalent of popular U.S. peer Tinder, fell by more than 5% in the latest trading session on Wall Street, after a short seller accused the company of selectively disclosing and concealing important news for investors.
Bullet Messenger, a Chinese messaging app, has racked up millions of downloads since its debut just a few weeks ago, using a stripped-down design to chip off a chunk of a sophisticated, billion-user market. Users say the technology, supplied by Chinese voice technology firm iFlytek Co, allows them to chat faster without having to type or listen to voice recordings — a time-consuming act for the receiver that is considered impolite in WeChat etiquette in China. It also does not allow voice messages and transcripts to be sent simultaneously, as Bullet does.
Bullet, developed by Beijing Kuairu Technology, says it amassed 5 million registered users within 10 days of its launch. It is backed by Smartisan Technology, a niche smartphone maker founded by English-teacher-turned-entrepreneur Luo Yonghao. The company declined to give details and turned down a request for an interview. Company registration records show Kuairu was registered in May with capital of , yuan.
Zhang Ji and Hao Xijie, both former Smartisan managers, are listed as its two directors, while Wang Li, chief operating officer of Chinese dating app Momo Inc was listed as the sole owner as of May 9. Momo said Wang is an investor in Bullet but did not hold any position at Beijing Kuairu. According to Chinese corporate database Tianyancha, Smartisan and two local venture capital firms, Chengwei Capital and Gaorong Capital, invested in August.
Chengwei and Gaorong did not immediately respond to a request for comment.
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That decline is surprising, given Momo easily beat top-and bottom-line estimates. View photos More Momo’s mobile app. Moreover, Momo still trades at about 13 times forward earnings estimates — making the stock look like a deeply undervalued growth play on the red-hot Chinese tech market. Let’s take a closer look at the good and bad news from the quarterly report to decide. First, the good news Average revenue per paying user also increased, thanks to the introduction of new virtual gifts and value-added services.
Momo, the Chinese mobile social network, announced over the weekend that it has amassed over million registered users. Of that group, 40 million use the app on a monthly basis, and 15 million use the app on a daily basis, according to a lengthy post by CEO Tangyan on Zhihu, China’s Quora.
Momo Screen view,credit by: With the rise of the Internet and smart phones, many dating applications provide us a more convenient way to make friends online. With the location service,dating applications connect people easer than traditional ways. People can require maps and information nearby,share pictures with online friends. Momo,a free location-based service instant messaging application for smart phones and tablets.
Users can chat with people around,based on location service. When users enjoy the interesting function of Momo, they are experiencing a risk. There is a significant security issue on this social platform. SNS,platforms for people spreading information online and making social communication. It is no longer a new topic but it attracted worldwide attention. Facebook,Google and Microsoft are the world top three websites.
With $40m Series B, Momo Proves Huge Market for Casual Hook-ups in China
The company has over 4, partners producing content daily. The AI will first analyze each user regarding their locations, click and browser history. Toutiao then recommends the best-fit articles and videos to users accordingly. Toutiao adopts a different style of giving news to people. Additionally, they provide short-videos, funny jokes, and featured articles to keep users entertained.
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The Rise of Online Dating in China Chinese online dating services have grown increasingly popular as they draw on traditional Chinese dating values such as material security and marriage-focused relationships. July 17, Couples who found each other in Baihe. When year-old auto sales manager Zhou Yixin joined online dating at the behest of her cousin living in Beijing, she did not expect to meet her steady boyfriend of two years.
Unlike in first-tier cities like Beijing and Shanghai, where new trends emerge and quickly permeate society, Zhou was considered an early adopter in the second-tier city Yantai in Shandong Province when she began online dating in the early s. When Zhou reached her late twenties, she felt an increasing amount of pressure from her family to get married. The site is typically used by young singles between 24 and 35 and is commonly viewed as a tool for seeking long-term relationships and possibly marriage.
She found that it was not only easy to use and fit the pace of her busy professional life, but it also expanded her dating pool beyond local men in her city to access potential partners of better quality from other regions. Chinese online dating services have grown increasingly popular as they draw on traditional Chinese dating values such as material security and marriage-focused relationships, and expand connections beyond the screen with offline events and relationship counseling services.
According to Houran, romantic matchmaking was previously done almost exclusively through personal matchmakers, whereas now that process is being steadily replaced by dating sites with compatibility matching algorithms. Matchmaking is a long-standing cultural practice in China. In that setting, marriage bonds were established based on filial piety, rather than love. The New Marriage Law of was a radical change that replaced traditional arranged marriages by permitting divorces and requiring that both parties consent to the marriage.
Momo company data and quarterly earnings press release. In the first quarter of , Momo’s revenue exceeded all expectations. As the Chinese middle class grows and mobile use expands further, even more users will have access to Momo’s unique social features. While smaller, Momo is skilled at creating experiences that engage users while driving revenue and profit.
The bear case When the bears come out, they cause fear and doubt.
China’s most popular dating app Momo has experienced a transformation rarely seen among apps of its kind. Starting out as China’s most famous dating and hook-up platform, it later became a much more conservative app with a focus on networking and streaming services.
LinkedIn From The News Desk In the US, location-based flirting via mobile is a phenomenon that is only beginning to take off, and the field is becoming cluttered as hopeful startups crowd into the space seeking domination. In China, meanwhile, an app called Momo is showing to the world the potential of mobile for facilitating casual hook-ups and insta-dates.
Since its launch a year ago, the app has accrued 10 million users. According to a statement on its Sina Weibo account , Momo — which has an English tag line of “Hi, stranger” — boasts 2. The app is now growing at 1 million users a month. Part of Momo’s success in China can perhaps be explained by the dynamics of the dating scene, which are skewed by demographics in which males vastly outnumber females. Many people are shy about making connections, or have trouble finding suitable partners through traditional channels.
Momo, on the other hand, is adept at helping people find partners for the night, or just a few weeks, even though its founders have claimed that it is already responsible for many weddings. And it’s not just popular among locals. While I was in China recently, several expat guys showed me the app and hailed its utility as a tool for hooking up with attractive Chinese girls. It may be that there’s some appeal in the idea of having an app that connects people who aren’t looking for “serious” relationships, too.
Expats and overseas-born Chinese I talked to in China made frequent mention of how quickly their local partners would become deadly serious about their relationships.
Dating APP Momo Marketing Analysis
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July 11, The platforms are coming up with content that caters to women — adding sections targeting their interests in gaming, outdoor sports, anime, and ahem, good-looking men. Live-streaming platforms in China discovered their fan base with men — there are 30 million more men then women in China — as many migrated to big cities for jobs and sought human connection via the internet. While many of the sites are still plastered with videos of female live-streamers wearing seductive clothing, a new phenomenon is on the rise in China — the objectification of men.
This is showing up in Chinese entertainment shows, everyday language and mating habits. Some male users and broadcasters have chosen the labels as part of their usernames, and the topic is brought up during their live-streaming sessions.