WSJ – Nov 7 – Momo Inc, the maker of Chinese dating and chat app Momo, has confirmed its plan to go public in the U.S. Momo has grown rapidly since its 2011 launch. It began as an online dating app, but it has pushed to become a platform to help people with shared interests connect in locales across China. Monthly active users reached 60.2 M in September, more than doubling from a year earlier. Membership subscription fees accounted for 63% of its revenue in H1 2014. Total H1 2014 revenue was $13.9M, up from $3.1M in the comparable 2013 period. Net loss was $8.3M, compared with a $9.3M loss in the H1 of 2013. Alibaba owns a 21% stake in Momo.
by Josh Beckerman
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