Chinese Meetup App Momo Says Hello To $40M

VENTURE BEAT - Aug 28 - Momo Tech has raised $40M for its app that helps nearby strangers connect with each other. The product is similar to Grindr, Skout, Blendr and Badoo. Momo claims 10M users (acquired in just 1 year), 2.2 million of whom use the app daily, and the addition of 1M users a month. Momo means “Hi, stranger” in Mandarin.

by Rebecca Grant
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Comments

[Mark Brooks]

China sites often copy the West. But its very worthwhile for Western sites to observe the innovation in the East. Case in point, Zhenai. Match picked up a stake in Zhenai earlier this year. See http://www.onlinepersonalswatch.com/news/zhenai/