SEEKING APLHA - Jan 3 - Momo has more than halved since hitting its 52 week high but is it undervalued or did the market simply became rational with regards to this growth stock? Momo is one of China's leading mobile-based social and entertainment platforms that include a live-streaming platform and online dating platforms. The acquisition of Tantan (China's Tinder) earlier in 2018 has driven Momo's value-add service revenues. Tantan has only just begun to monetise its user base in January 2018 and during that short span of time, its paying user base has grown to 3.6M. It has 94M MAUs. The management has high hopes for Tantan due to the 300M millennials in China and the higher mobile penetration rates, particularly among millennials. Furthermore, Tantan's popularity has not been limited to China. According to App Annie, Tantan is among the top 10 social apps on Android in other Asian countries such as Singapore, Indonesia, Philippines, Nepal and Taiwan. Overall it seems that Momo is an undervalued company where the market has incorrectly assessed its future as fears regarding competition from short-video platforms.