When [our generation] grew up, however, there seemed to be a lack of apps that allow young people to do so.
The existing social apps were either too serious or too flirty,” Wang says, claiming that Tantan has proudly become an app that users—at least the female ones—aren’t ashamed of admitting they use it.
“The money incentive to hosts is too attractive, so it will encourage the professional development of [live streaming] hosts. [Live streaming] might be more entertaining, but it’s not particularly social…
So in the short run at least, we don’t plan to enter live streaming.” Tantan’s latest round of financing came in June when it raised 0 million from NASDAQ-listed YY Inc., the live streaming pioneer in China, and Genesis Capital, founded by two ex-Tencent Investment veterans.
According to Tantan’s data, women like about 6% of the recommended users, while men like as much as 60%.
For example, users can pay to unlock the “recall” function.Users will only be able to start chatting when they mutually like each other.This icebreaking function, according to Wang, is the core of Tantan.Right now, if users accidentally swipe left someone that they like, there is no way of revoking the act.Tantan is often compared to another hookup app, Momo, the Chinese social app that filed for US IPO in 2014.