Momo: China’s Next Social Conglomerate?

It is rumored that Momo, the Chinese mobile social service, will file for IPO in the U.S. next month (Update: It files with the SEC on November 8).

Generally referred to as a location-based social networking app for strangers, Momo however has been building features or services to help users get acquainted, aiming to become an interest-based mobile social network.

It took Momo less than three years to register 150 million accounts. Though that’s still not as fast as WeChat, which launched several months earlier the same year, Momo has been a phenomenon in mobile social networking in China.

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