Investment thesis
Momo (MOMO) is an 'open' social network, peculiar in the West but hugely popular in China. On Momo's apps, Momo and Tantan, users can interact directly and live with each other, usually in an online performance setting. This works in China, a culturally reserved nation, discovering new relationship requires time and intimate engagement between users versus scrolling through newsfeeds on Facebook or following an influencer passively on Instagram or swiping left and right on Tinder.
This online behavior has been monetized brilliantly by Momo's simple subscription and virtual gifts model. Thus