China dating site ipo
In order to facilitate foreign investments, Beijing Momo’s co-founders, in November 2011, incorporated a holding company, Momo Technology Company Limited, registered the British Virgin Islands. established Momo Technology HK Company Limited (Momo HK) as a wholly owned subsidiary in Hong Kong.
The other co-founders all have prior experience with major Chinese Internet companies.
In October 2013, raised USD 45 million in Series C financing. Some features of the application include subsections like: Nearby Users, Groups, Message Board, Topics, and Nearby Events.
Users can send multi-media instant messages as well as play single and multi-player games within the app’s platform.
We have a shot at 12 initial public offerings this week, the busiest week of the year so far. Chinese education firm Four Seasons Education priced at but closed Wednesday at .50, a five percent decline.
"Assuming you believe China is going to have positive GDP growth, China is the biggest opportunity for new companies because China is so underpenetrated in many areas." It's not a Chinese IPO flood yet, but it is sizeable, and it could get a lot bigger: They are not all necessarily instant gainers.
It's down 38 percent since it went public in September.