While Momo’s MAU grew, Wechat and QQ both lost MAU within the same time frame. China Renaissance Partners acted as the exclusive financial advisor. In May 2014, Momo raised USD 211.8 million in Series D financing.In October 2013, raised USD 45 million in Series C financing. Momo sold Series D preferred shares to Sequoia Capital China Investment Holdco II, Ltd., Sequoia Capital China GF Holdco III-A, Ltd., SC China Growth III Co-Investment 2014-A, L.Momo (Chinese: 陌陌; pinyin: mò mò) is a free social search and instant messaging mobile app.The app allows users to chat with nearby friends and strangers.P., Rich Moon Limited, and Tiger Global Eight Holdings.Momo’s mobile application is available on Android, i OS, and Windows platforms.
In July 2014, Momo Technology Company Limited was renamed to Momo Inc. In December 2011, Momo established Momo Technology HK Company Limited (Momo HK) as a wholly owned subsidiary in Hong Kong.Momo provides users with free instant messaging services through Wifi, 3G and 4G.The client software is available for Android, Prior to founding the company, Tang Yan worked as editor and then editor-in-chief at Net Ease.China Internet Watch reported more conservative estimates.In the months of August and September 2014, Momo had 51.279 and 52.101 million MAU. This round of financing was led by two institution investors and received 0 million valuation. C., PH momo investment Ltd., Tenzing Holding 2011 Ltd., Alibaba Investment Limited, and DST Team Fund Limited were all issued and sold Series C preferred shares.Momo execs claim that this allows their software to create more accurate matches with nearby strangers.Momo prides itself on sifting through the clutter of mobile Internet users to find personalized matches for its users.Members can see the businesses just as they would see other Momo users.In December 2012, Momo made an official announcement to accuse Sina Corp of copycatting straight from all the features of Momo Group.Zadarma offers cloud communication solutions delivering maximum quality and reliability of its products and services. Learn more about Zadarma A cloud based phone service provider, offering international and domestic Vo IP calls. Learn more about Zadarma Dixa provides a Vo IP phone system that runs in your browser and on your mobile phone.Enjoy quality Vo IP telephony with local rates in more than 60 countries for both internal and external calls.It enables users to establish and expand their social relationships based on similar locations and interests.Some features of the application include subsections like: Nearby Users, Groups, Message Board, Topics, and Nearby Events.However, Sina Corp did not give its formal response.