(Yicai Global) June 22 -- TANTAN, a dating app mainly serving post-90s youth, announced the completion of its USD70 million D-round financing.

YY Inc. [NASDAQ:YY], Genesis Capital Ltd., and investment institutions such as SocialAlpha (SAIF) Investment Fund and Shanghai Zhongwei Venture Capital Management Co. were its main contributors

The company will continue to polish its product and launch VIP service in the third quarter, said Wang Yu, TANTAN's chief executive, as tech.163.com reported.

"We will continue to explore ways to give users a better experience and product," said Wang. "For example, we will introduce AI technology to help users find the people they like more accurately and effectively."

TANTAN has thus far announced total financing of USD120 million, with investors including Bertelsmann Asia Investment Fund and Vision Capital LLP.

Born in 2014, TANTAN has become the largest social platform oriented toward post-90s youth. As of now, TANTAN has 90 million phone-registered users, including 60 million effective users, with junk accounts and blocked accounts deducted, of which post-90s users make up over 75 percent, its official statistics show. The ratio of male to female users is 6:4, with the female users forming TANTAN's core user base.