Could Tencent Topple Momo as the "Tinder of China"?
Tencent (OTC: TCEHY) rules China's mobile messaging market with WeChat, which serves 1.15 billion monthly active users (MAUs). Its ecosystem of over a million "mini programs" enables users to shop, order food, play games, hail rides, make payments, and more -- all without ever leaving the app.
Meanwhile, Momo (NASDAQ: MOMO) is the top online dating platform in China. Its namesake app started out as a social networking app, but gradually evolved into a platform for online dating and live videos.
Momo's smaller app, Tantan, is essentially a Chinese clone of Match Group's Tinder. Momo's core app had 114.1 million MAUs last quarter, and 13.4 million of them bought virtual gifts or signed up for premium dating services on Momo and Tantan.
Source Fool.com
