SEEKING ALPHA - Aug 15 - Momo is an $8B popular Chinese mobile dating and social networking company with a fast and profitable growth, strong track record and a huge addressable market. In February 2018, it acquired China's top dating app Tantan, the "Tinder of China" for $700M. Share price has recently suffered from negative rumors spread by short sellers and is currently offered at a bargain ahead of Q2 earnings: around 30% down from its 52-week high. Momo is likely to be very a volatile investment for the years to come. But it offers a great margin of safety at current price. Momo has been able to take a leading position in the live-streaming space after pivoting from its online dating core business. Credits to CEO Tang Yan who identified key trends ahead of time. Competition is fierce in China, between Momo, Weibo, Huya, Douyu or Panda.tv. Content is king, and many of these companies now work with talent agencies or sign exclusive deals with famous streamers to make sure users don't churn and flock to other platforms. Momo is focusing on retaining users and making its platform a great free experience. They add compelling features such as group chat. Tantan has ~20M MAU and growing. The app is only starting to monetize its audience similarly to Tinder with subscription and a la carte features such as 'superlikes' or 'see who likes me' kinds of products. Tantan might already be at a run-rate of $100M+ yearly revenue. Beyond online dating, Momo is also venturing into mobile gaming.