(CBN Global) March 24 --MomoInc. [NASDAQ:MOMO], China's version of Tinder, has unveiled an interactive live video service on its new webpage version. In this way the company said it hopes to deliver a better and richer experience to its 200 million users.
Momo has made headlines in China for the wrong reasons a number of times. A man had CNY4,000 (USD614) stolen from him by a young woman he got to know through the Momo platform and whom he intended to have sex with, the Tianjin Metro Express reported today. Similarly, a woman was cheated out of CNY250,000 (USD38,000) by a man she met via Momo, online newspaper dzwww.com reported yesterday.
Such negative press, however, has had little impact on the unstoppable growth of Momo in China. In the fourth quarter of last year, MOMO posted operating revenues of USD39,500,000, a surge of 113 percent year on year.