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  • Article / 20 May 2015 at 4:53 GMT

    Once-seedy Momo cleans up with stronger net profit

    China Watcher / Shanghai
    China
    Once-seedy Momo cleans up with stronger net profit
    Social networking app Momo posted surprisingly strong results for the first quarter, with the firm reporting a net profit for the first time in its history. The user base is growing well, and the release of Momo 6.0 has seen the firm move away from its seedy "hook-up" history and looks to expand into the O2O market.
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    4y
    moat888 moat888
    Your write-ups are top quality Neil. I like it when you show relivant Q/Q metrics (e.g. charts of paying member conversion rate & number of groups)....
    4y
    Neil_Flynn Neil_Flynn
    Thanks a lot. China is such a fascinating country, but it is very difficult to understand because the companies and technologies are almost completely domestically focused.

    Absolutely,...
    4y
    LION KING LION KING
    This comment has been redacted
  • 5y
    Andy Nguyen Andy Nguyen
    Working in China for the past 6 months in digital advertising, it's astonishing how fast the industry is growing. Just wanted to note that the 700 million...
    5y
    Neil_Flynn Neil_Flynn
    I got the number from this source: http://thcapital-china.com/content/data/107 Do you have a source for your WeChat MAU number?