After success in live streaming followed by an impressive user growth and steady profits during 9 consecutive quarters, China’s biggest location-based social network Momo has set out to find the next big thing in China’s social trends.

Momo’s foray into live streaming made headlines in March after the company announced that its revenue recorded a 524 percent year-on-year jump to $246.1 million in Q4 last year, while the annual revenue soared 313 percent to reach $553.1 million. But Momo is not willing to rest on its laurels. The company’s COO Wang Li announced during an interview with Tencent Tech (in Chinese) that they are looking to make more room for innovation in live videos.

Momo’s version 8.0 update introduced new features the company hopes will capitalize on its streaming success: one-on-one (Fast chat) and group (Party) video streaming as well as new options for playing Werewolf, one of China’s most popular party games. The company plans to add 7 to 8 adjustable new modules for interaction.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.