Around the Net
Chinese Hookup App Momo Files For US IPO
- TechCrunch, Monday, November 10, 2014 10:41 AM
Momo -- China’s top hook-up app, according to TechCrunch -- just filed for a $300 million U.S. public offering, and plans to trade on the Nasdaq. “Momo claims 180.3 million users in China and 60.2 million monthly active users, which puts it second to behemoth WeChat in terms of Chinese mobile social apps,” TechCrunch reports. It has become all the rage for Chinese companies to go public in the states. “Already, Alibaba, close rival JD.com and Weibo -- China’s Twitter equivalent -- have listed on North American soil.”
