MOMO – May 28 – Q1 revenue decreased by 3.5% YOY to RMB3,594.1M ($507.6M). Net income attributable to Momo increased to RMB 539M ($76.1M) in Q1 2020 from RMB 289M in the same period of 2019. Monthly Active Users on Momo app were 108M in March 2020, compared to 114.4M in March 2019. Total paying users of live video service and value-added service, including 4.2M paying users of Tantan, were 12.8M for the Q1 of 2020, compared to 14M in Q2 of 2019. "Q1 2020 was a challenging and yet very fruitful quarter for Momo," commented Yan Tang, Chairman and CEO of Momo.
Category: Tantan
Top Dating Apps in China During Coronavirus Pandemic
SCMP.COM – May 1 – The nine largest dating apps by China iOS app store ranking are Yidui, Tantan, Momo, Soul, Yimu, Zhenai, Hezi, Blued and Rela. ~622M people used dating apps in China last year, and the market is set to hit $290M in revenues by 2024, according to Statista.com.
- Yidui
Video-based speed matchmaking app, targeting singles in lower-tier cities, it later introduced a professional matchmaker in the app and added a live-streaming feature to speed up matches - Tantan
China's Tinder clone, launched in June 2014, raised ~$120M. In 2018, the company was acquired by Momo - Momo
Launched in 2011, evolved from a simple location-based dating app to a general social platform that, in addition to its original features, also includes group chats, live-streaming, short-video, and casual games. The company went public on Nasdaq in Dec 2014. - Soul
Launched in 2015, it matches users based on a personality test, targeting young users. Soul has closed a Series C round of an undisclosed sum last year. - Jimu
Released in late 2016, the app melds features of dating apps with youth social networking functions, targeting urban residents who like art, fashion, and music. The company raised "tens of millions of yuan" in June last year from a Series B round led by Bluerun Ventures and Sequoia Capital. In July 2019, Hong Kong-listed Chinese live-streaming firm Inke bought Jimu for $85M. - Zhenai
Founded as early as 2005, is one of the oldest and well-known matchmaking websites in China, which also offers offline services. Zhenai has made several updates to its app in a bid to reach younger users as well, adding features including personal assessments, live-streaming, and a status-posting section. - Hezi
Voice-based social app Hezi was launched at the beginning of 2019, founded by two senior executives from Momo. - Blued
Launched in 2012 by the Chinese LGBTQ community website Danlan, Blued is the top gay dating app in China. The company has raised ~$130 M. - Rela
Founded in 2012, the first location-based dating app for lesbians in China.
Dating Apps Prove Popular in China During Covid-19 Outbreak
CHINA DAILY – Apr 17 – Industry experts said the "cloud matchmaking" method, which includes livestreaming and short videos, is gaining traction among singles. According to Tantan, the average time people spent on the app in early- and mid-February increased by ~30%. The number of users surged 60% during the peak hour which often runs from midnight to 1am. During the outbreak, those born after the period around 1995 and after 2000 have become the top users of Tantan. They recorded a 20% increase in messages sent and daily matches. Zhenai.com said its active users reached 10M during the Chinese New Year holiday on Jan 24 to Feb 2, an increase of 39% compared with the same period of last year. ~10K people found highly compatible matches on the app. Baihe Jiayuan Network Group's CEO Wu Linguang said video and livestreaming dating services have been launched to lure customers during the epidemic. The time users spend on video dating rose 30% during the Spring Festival holiday YOY.
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Dating Apps in China Are Extremely Popular Due to Shy Culture
CGTN – Mar 1 – Wang Yu is CEO of one of China's largest dating apps – Tantan. Due to China having a shy culture, he says, his dating app has been hugely successful in providing an alternative channel through which people can meet. Traditionally in China it's the parents and grandparents of young singles who find their offspring suitable partners, especially if they are unmarried and approaching 30. He also reveals how the company has denied ~100M registration attempts due to the staff being unable to verify if the person creating the profile is who they claim to be. Watch the full video interview here.
How Tantan Leveraged Valentine’s Day to Gain Female User Base
FINANCIAL EXPRESS – Feb 19 – Dating app Tantan claims to have recorded a reach of ~2.5M through a strategic and focused influencer marketing campaign #VDayonTantan. The idea behind the campaign was to increase awareness regarding the app amongst women. ~45 influencers on Instagram and TikTok came together for the umbrella campaign #VDayOnTantan, #MyManOnTantan by the female influencers and #YourManOnTantan by the male influencers.
Chinese Dating App Tantan Unveils Vision 2020 for India
APN NEWS – Feb 6 – Tantan is planning high investments in the Indian market. This year, it aims to become the Top 3 from its current position of the 5th most popular dating app in India as per App Annie. Standing tall in China as the number one, Tantan reached over 300M users in 88 countries in September 2019. This year, Tantan has plans to add more features to meet the needs of its diverse user base of youth residing in Tier 1 and Tier 2 cities of India.
Momo Has 4 Plans for Future Growth
THE MOTLEY FOOL – Dec 31 – Momo is often called the "Tinder of China" because it owns two top dating apps: its eponymous app and Tantan, a Tinder clone it acquired in 2018. Most of Momo's revenue comes from its core app's live video streaming platform, which lets viewers buy virtual gifts for their favorite broadcasters. A smaller percentage comes from ads, mini-games, and premium dating services. Momo's stock rallied ~50% over the past 12 months, even as it faced Tantan's temporary suspension from Chinese app stores.
- Growing its users and engagement rates
Its monthly active users (MAUs) on its core app rose 3% annually to 114.1M last quarter, marking a slowdown from previous quarters. To bring in more users, Momo launched a new version of its app in August. - Supporting the "healthy" growth of its live videos
Momo is closely monitoring its live video platform to avoid a crackdown by China's cyberspace regulators. - Growing its base of paid users
Its number of paid users, including Tantan, grew 7% annually to 13.4M last quarter. That represents just a tiny slice of its total MAUs, but it's implementing fresh strategies to boost that percentage. - The monetization of Tantan
Tantan grew its paid users 41% annually to 4.5M last quarter. These users pay for premium features like unlimited swipes and more matches. Tantan's total revenue rose 89% annually to 310M yuan ($44M), or 7% of Momo's top line.
Could Tencent Topple Momo as the “Tinder of China”?
THE MOTLEY FOOL – Dec 25 – Tencent, the Chinese tech giant, has unveiled three new dating apps over the past few months. Tencent rules China's mobile messaging market with WeChat, which serves 1.15B monthly active users. Meanwhile, Momo is the top online dating platform in China. Momo's smaller app, Tantan, is a Chinese clone of Tinder. Momo's core app had 114.1M MAUs last quarter, and 13.4M of them bought virtual gifts or signed up for premium dating services on Momo and Tantan. Tencent recently launched an anonymous video dating app called Maohu, a Tinder-like app called Qingliao ("Light Chat"), and a reboot of its Pengyou ("Friends") app as a social network with an opt-in dating feature. What's Tencent up to? WeChat's MAUs grew 6% annually last quarter, but it's only a matter of time before this ubiquitous "super app" runs out of room to grow in China. Meanwhile, Gen Z-oriented rivals like ByteDance's TikTok and Bilibili are attracting younger users, while WeChat seems shackled to its reputation as an app for older users. Simply put, Tencent needs new ways to reach younger users, and Momo's streak of double-digit revenue growth suggests that online dating is still a fertile market. Investors shouldn't assume that Tencent will crush Momo yet, since Momo still enjoys a first mover's advantage in the market. However, investors should keep a close eye on Tencent's three new apps – and see if they pull users away from Momo and Tantan.
by Leo Sun
See full article at The Motley Fool
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Top Grossing Dating Apps Worldwide for November 2019
SENSOR TOWER – Dec 16 – The top grossing dating app worldwide for Nov 2019 was Tinder with ~$82M in user spending, which is up 12% YOY. 41% of Tinder's revenue was from the US, followed by 8% from UK and 4% from Germany. Bumble was #2 with ~$18M in gross revenue, up 29% YOY. 77% of Bumble's revenue was from the U.S., followed by 9% from UK. The next top grossing app was Badoo, followed by Pairs and Tantan.
Tantan Matches Users With Blurred Photos
ABACUS NEWS – Nov 26 – Chinese Tantan has introduced a new feature called "Flash Chat" that matches people who are active. Their profile pictures are blurred out for the first 20 messages. Tantan now claims ~3M users.