Tantan posted $79.42 million in revenue with an operating loss of $6.88 million. The loss of $6.88 million is down from last year’s loss of $10.94 million, despite a 1% decrease in revenue YoY. The reduction in loss is primarily due to increased margins and reduced overhead relating to the layoff of a large portion of Tantan founders. The value-added services segment, where users can pay for a premium version of both MOMO and Tantan, was up 38% YoY. R&D expenses were $35.99 million, most of which was dedicated to improving their algorithm leading to a higher quality experience. Their current cash balance was $1.92 billion, after paying $131.8 million in dividends and $104.79 million to Tantan founders to exercise their stock options.

Every meaningful Immomo.com dating site review includes info about help and support. The administration answers members’ questions and is always ready to solve the problems connected with the app’s work. To make your user experience smooth and pleasant, it’s recommended to read terms of use, info about the privacy policy, and premium subscriptions beforehand. To ask your question, you can reach the Momo support team online or give them a call. User reviews are written by individuals who have used the dating platform themselves.

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Tinder has a “double opt-in” format, meaning to make a match the other person has to swipe right on your profile as well. If you want to read a potential match’s profile or see the rest of their photos, tap without swiping and you can scroll through the pics and read their bio. Tinder allows you to connect your Instagram and Spotify accounts to your profile if you want to show off more photos or share your taste in music.

Scammers and fake profiles

China dating apps work similarly to dating apps in other parts of the world. Users create a profile with photos and a bio, then browse through other users’ profiles. They can swipe left or right on profiles they like or dislike and start chatting with those who have liked them back. Momo’s growth still looks solid, but it’s clearly hitting a plateau. That’s why it bought Tantan, a dating app that has 20 million MAUs. Unlike Momo, which is marketed as an interest-based social networking app, Tantan is promoted as a dating app that uses the same swipe left/right mechanic as Tinder.

Tantan’s User Base is Growing Rapidly in India

Other than that, the user satisfaction with the app is also a factor which determines how good a particular dating app is. For instance, the number of features and the quality of functionality an app provides could determine user satisfaction. On the other hand, there have been instances where people were tricked into meeting someone new only to be catfished. According to the study by Kaspersky Lab, 57% of people that used dating apps have lied to their dates about their attributes. Online dating in China has never been bigger and Chinese dating apps are where the action is.

According to PanDaily, Momo’s net revenues decreased by 3.5% year over year to $3.59 billion Chinese yuan. The bulk of the revenue – 64.9% – came from live-streaming services on Momo and its popular dating app Tantan. Tantan on the other hand reported an increase in revenue in the first quarter of 29.3 percent from Q1 of 2019. Tantan contributed 10 percent of Momo’s overall revenue for Q1 of 2020.

Interestingly, while other social networks and dating apps have seen an increase in users over the same period, Momo reported a decline there, too. As we said in this review earlier, Momo is a free app that can be downloaded for both Android and iOS. The basic set of options for search, messaging, and completing a profile is also free of charge.

It isn’t a magic bullet that will solve all its problems, but it could make Momo an appealing growth stock again. Tantan’s annual revenue likely exceeded $1 billion last year, but it’s unclear if the app is profitable — especially after factoring in the new royalty payments to Match. Therefore, buying Tantan will temporarily boost Momo’s revenues, but the new unit could also throttle its earnings growth.

Interface and Profiles

The https://reviewsforsingles.com/soulsingles-review/ also provides a popular Tinder-like option for making quick matches. It shows your potential partners’ pics and lets you swipe right or left . If another person likes you back, you make a match and can start messaging. Girlfriends in China are result-oriented and prefer to know as much as possible about a man. Thanks to detailed profiles, the dating app allows you to find out if you have something in common with potential partners.

Recently, more people are embracing interracial and intercultural relationships, and for a good reason. Such a relationship can be very rewarding if both of you work through your differences. If you haven’t already, you’ll be prompted to create an account with Noonlight and install the app. Having a few tried-and-true Tinder icebreaker messages can save you a ton of time, and get you a ton of dates. Just like your bio, a good Tinder conversation starter will both catch her attention and elicit some sort of emotional response. You can pack a surprising amount of creativity into a 500-character profile, and offering a few enticing tidbits about you and your life builds attraction and trust.