TechNode has been organizing the annual “China Bang Awards” since 2011. Over the past few years, TechNode has witnessed a large number of emerging startups grow into unicorns. For the upcoming ChinaBang Awards 2018, TechNode has started a special report to review the history of China Bang Awardees.

Momo is an app which you may never want to use, but which you can’t go around when talking about mobile social networking.

Because Momo, or all the user pain points it discovers, is always there, undiminished. The company was voted ChinaBang’s Company of the Year and one of the best gaming companies in 2014. It had already been China’s third-largest homegrown social messaging giant next only to Tencent. When interviewed backstage at ChinaBang that year, Momo’s COO told us that Momo derived its revenue from premium membership subscription, mobile gaming, and stickers. Now, the latest financial results show that nearly 80% of its revenue comes from live streaming. Along with it are perceptions of Momo having gradually been changed from the “magic hookup tool” to a live streaming platform.

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Yuting Fan

世上无难事 只要肯扒门缝 接洽热线——fanyt@technode.com