Hello Group Inc. (NASDAQ:MOMO)

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Fourth Quarter 2019 Financial Results Total net revenues were RMB4,687.9 million (US$673.4 million) in the fourth quarter of 2019, an...
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BEIJING, May 10, 2019 /PRNewswire/ -- Momo Inc. (MOMO) ("Momo" or the "Company"), a...
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Momo connects people in a personal and lively way.

Momo is a revolutionary mobile-based social networking platform. We enable users to establish and expand social relationships based on location and interests. Our platform includes our Momo mobile application and a variety of related features, functionalities, tools and services that we provide to users, customers and platform partners. We have established Momo as one of China’s leading mobile social networking platforms in less than three years since our inception.
Momo has become an integral part of the daily lives of many people in China, where the increasing proliferation of smartphones and network enhancement allow more people to be connected anytime and anywhere. With powerful and precise location-based features, we enable our users to connect with each other and expand relationships from online to offline, thereby making their social networking experience more real, personal and multi-dimensional.
We aim to offer our users an authentic social experience by encouraging them to provide detailed personal information on Momo. Leveraging our social interest graph engine and our analysis of user behavior data, we are able to provide users a customized experience based on their social preferences and needs. Momo users can maintain and strengthen their relationships through our private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on our platform.

Our user base has grown rapidly since we launched Momo in August 2011, as evidenced by the following:

  • We had 180.3 million registered users as of September 30, 2014, representing an increase of 160.8% from September 30, 2013.
  • Our MAUs reached 60.2 million in September 2014, representing an increase of 112.8% from September 2013.
  • Our average DAUs reached 25.5 million in September 2014, representing an increase of 140.6% from September 2013.
  • We had 2.3 million members as of September 30, 2014, representing an increase of 659.9% from as of September 30, 2013.
  • Our users sent a daily average of 655.2 million one-to-one messages, representing a daily average of 26 one-to-one messages per DAU, in September 2014; 63.5% of these messages were exchanged among people who had already followed each other.

Our large, growing and engaged user base creates a powerful network effect and a high barrier to entry.

Web site: http://Company is Mobile App

Last updated November 13, 2014

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