WeChat is far and away the messaging platform that is biggest in Asia right now, which is assisting to drive a push among the list of smaller players to obtain together for better scale. Today, Momo, the Chinese location-based social network software which includes recently made a huge push into online dating services and it is traded on Nasdaq with an industry limit of around $6 billion, announced it has obtained Tantan, ChinaвЂ™s top dating application, for вЂњapproximately 5.3 million newly given Class the ordinary shares for the business and US$600.9 million in cashвЂќ.
It is not yet determined exactly exactly how that price even compares to TantanвЂ™s pre-exit valuation: it had never disclosed the amount. Overall, Tantan had raised $120 million, including a $70 million round last 12 months from a mix of strategic and monetary investors. Its backers included DST worldwide, Kleiner Perkins, video network that is social, Genesis Capital, SAIF China, Zhongwei, DCM and Bertelsmann.
WeвЂ™d really heard rumors with this purchase recently, therefore itвЂ™s perhaps perhaps not coming being a surprise that is complete. (mais…)[veja mais]