image credit: Tang Yan’s Weibo
Location-based social app Momo has registered 80 million users after two years and three months since the launch, the founder Tang Yan disclosed with a Weibo post. Daily active users are 13 million and the monthly active are 39 million. An average of 500 million messages are generated daily during one-on-one conversations or group chatting.
It seems the user growth accelerated in this year that it announced 30 million milestone in March and 50 million in July. Momo also has an English version and had about 1.7 million users outside of China in late 2012.
Mr. Tang said in his post that they are not losing money anymore. The company began monetization in the middle of this year with a sticker shop and membership subscription. Recently it launched a mobile game platform and introduced the first third-party mobile game. Tang disclosed that the game had 2 million downloads in the first week on Momo platform.
The company raised $2.5 million funding from Matrix Partners in 2011 and $40 million in Series B from Alibaba Group, DST and Matrix Partners in August 2012.