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Momo Drops $600M On Dating App Tantan

Chinese social giant Momo just bought Chinese dating app Tantan for about $600 million in cash, TechCrunch reports. “With 5 billion matches to date, Tantan is China’s biggest dating app, and the country’s closest comparison to Tinder,” TC notes. “The deal puts the company's overall valuation at $735 million in total,” it writes, citing Bloomberg.

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