Chinese mobile social service Momo has received a buyout proposal today, just six months after listing on the US stock market last December. It comes just days after Chinese internet giant Qihoo 360 revealed plans to go private.

Momo marks the 13th Chinese company this year to plan a privatization bid following a US listing, with companies now looking to list on the booming local markets in China.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.