Momo connects people in a personal and lively way.
Momo is one of China’s leading mobile-based social and entertainment platforms. We enable users to establish and expand social relationships based on location, interests and a variety of recreational activities including live videos, short videos, social games as well as other video- and audio-based interactive experiences. Our platform includes our Momo mobile application and a variety of related features, functionalities, tools and services that we provide to users, customers and platform partners. We aim to offer our users an authentic social experience by encouraging them to provide detailed personal information on Momo. Leveraging our social interest graph engine and our analysis of user behavior data, we are able to provide users a customized experience based on their social preferences and needs. Momo users can maintain and strengthen their relationships through our private and group communication tools, content creation and sharing functions, recreational activities such as live shows and gaming, as well as the offline social activities promoted on our platform.
We have built a large user base on Momo since its launch in 2011. Our MAUs reached 99.1 million in December 2017, increasing from 81.1 million in December 2016, and 69.8 million in December 2015. The growth rate of our MAUs increased in 2017 primarily due to the enriched product and content offerings and our marketing activities.
Amid the fast evolving mobile internet market in China, we have focused on building and growing our user base and improving user experience. Our Momo mobile application can be downloaded and used free of charge, and we generate our revenues from the various services we offer on our Momo platform. Our revenues increased significantly from US$134.0 million in 2015 to US$553.1 million in 2016 and further to US$1,318.3 million in 2017. We had a net income of US$13.7 million, US$145.3 million and US$318.0 million in 2015, 2016 and 2017, respectively.