Can not understand how an unprofitable Chinese online dating application backed and managed by Alibaba (BABA) achieved its IPO in USA and it is valued over USD3 Billion?
USD3 Billion is over 3 times the Match Group's revenue !
and the Match Group is profitable.
http://globaldatinginsights.com/12122014-chinese-messaging-app-momo-raises-216m-in-ipo-valued-at-3bn/
I had always suspected both Alibaba and MOMO are backed and managed by Chinese Army. Those Jack Ma and Tang Yan seem to be puppets of someone else.
http://onlinedatingsoundbarrier.blogspot.com.ar/2014/11/unprofitable-chinese-dating-app-momo.html
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