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Dating App Hello Group Gets Spurned by Investors as Rivals Swarm

Operator of popular dating apps Momo and Tantan has struggled to find its footing despite a rebranding strategy, as it faces stiff competition and regulation worries.

This article only represents the author's own views.

Hello Group (MOMO.US) was all the rage a decade ago when it launched its hugely popular Momo dating app, sometimes called the “Tinder of China.” But with many of its early users now well into adulthood, the company is searching for new catalysts to jumpstart its stagnating business, which was on stark display in its latest quarter results released this week.

The reaction on Wall Street wasn’t pretty, with the company’s shares sinking to lows not seen in more than five years in the days after the report came out.

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咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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