Momo Launches Duiyan, an Interactive Short Video App
This social app is Momo's another attempt to boost user growth which slowed in 2019.
A social short video app Duiyan, developed by Momo Inc. (Nasdaq: MOMO), launched in iOS store in China today.
It is headed by Li Wang, Momo's director and chief operating officer, TechPlanet reported.
Duiyan allows users to create and share videos and supports social features like "bullet comments" and real-time open chat.
"Now, start a new way of communicating," Duiyan's slogan states.
The move marked Momo's another attempt over the past few months to diversify its revenue and boost user growth, which slowed last year. The dating app's free deepfake face-swapping app Zao went viral in September, ranking at the top in iOS store in China before regulators took it off the shelves on privacy backlash.
Momo's another app, Tantan, a leading social and dating platform for the younger generation, was suspended in May 2019, though the company said its operations were back to normal in a recent statement.
Monthly active users on Momo reached 114.1 million in September 2019 compared with 110.5 million a year ago.
Shares in Momo closed at $37.16 apiece on Friday, up 1%.
(Source: Duiyan in iOS store)