SEEKING ALPHA - July 24 - On April 29, dating app Tantan was removed from app stores in China at the direction of government authorities. After a 10-week hiatus, the app is available again on Chinese app stores. Less than 24 hours after being back online, the app roared to the top of the grossing ranks in China. Momo shares were trading ~$36 before the announcement of the suspension of Tantan. The share price fell ~25% over the course of May. Now shares have rallied back up, close to their price pre-suspension.
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