- Momo Inc. a major player in social and entertainment in China – growing globally
- Nearly $550 Billion in Q3 2020 total revenues
- Social & Dating app Tantan $107 Billion in Q3 2020
- Company announced $300 Million share buy back
Momo Inc. (NASDAQ: MOMO) is a leading diversified player in China’s burgeoning online social and entertainment space. Formed in 2011, MOMO was listed on the Nasdaq Stock Exchange in 2014 with a vision to leverage the mobile internet to connect people in unique ways. The company generates multi-billions of revenues through various channels such as live video services, value-added services, virtual gifts, and membership subscriptions, mobile marketing, mobile games, as well as Tantan, a unique mobile social dating platform.
The company announced approximately RMB3,766.7 million (US $554.8 million) total revenues for the third quarter of 2020 with Monthly Active Users on Momo applications at 113.6 million in…
For more information, visit the company’s website at www.immomo.com.
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