Momo buys Tantan, China’s Tinder, for over $600M as Chinese social networks consolidate

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 WeChat is far and away the biggest messaging platform in China at the moment, and that is helping to drive a push among the smaller players to get together for better scale. Today, Momo, the Chinese location-based social networking app that has more recently made a big push into dating services and is traded on Nasdaq with a market cap of around $ 6 billion, announced that it has… Read More
Fundings & Exits – TechCrunch

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