Popular Chinese dating software Tantan is all set for the full-fledged launch in Asia in August this present 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 possess made seven billion matches, compared to Match GroupвЂ™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 obtained by Momo in a money and stock deal worth nearly USD 800 million in February this current year. After Momo produced pivot that is successful live streaming, the companyвЂ™s revenue jumped fourfold within a year. About 68% of its yearly revenue (USD 328 million in Q1 2018) originated from the live-streaming company. Continue reading Chinese dating App Tantan all set to release in Asia