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Hello Group Inc. (China)

Main Activities: Software Publishers
Full name: Hello Group Inc. Profile Updated: October 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

The Company is a revolutionary mobile-based social networking platform.
The Company is a player in mainland China's online social networking space. Through Momo, Tantan and other properties within our product portfolio, the Company enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which was added into it family of applications through acquisition in May 2018, is a leading social and dating application. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. Starting from 2019, the Company have incubated a number of other new apps, such as Hertz, Soulchill, Duidui and Tietie, which target more niche markets and more selective demographics.
HISTORY
2011 The Company, previously named “Momo Inc.”, is the holding company for a group of companies, which was incorporated in the British Virgin Islands on November 23, 2011.
2014: In July 2014, the Company was redomiciled in the Cayman Islands as an exempted company registered under the laws of the Cayman Islands, and was renamed Momo Inc.
The Company s common stock is listed on the NASDAQ Global Select Market under the symbol “MOMO” since December 11, 2014.
2018: In May 2018, the Company completed the acquisition of 100 equity stake of Tantan Limited
2021: In August 2021, the Company changed its name from “Momo Inc.” to “Hello Group Inc.”. The Company, its subsidiaries, which include the wholly-foreign owned enterprises, its consolidated variable interest entities and VIEs' subsidiaries are principally engaged in providing mobile-based social and entertainment services. The Group started its operation in July 2011. The Group started its monetization in the third quarter of 2013, by offering a platform for live video services, value-added services, mobile marketing services, mobile games and other services.

Headquarters
20Th Floor,Block B, Tower 2, Wangjing Soho, No. 1 Futongdong Street, Chaoyang District
Beijing; Beijing; Postal Code: 100102

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Website: http://www.ir.hellogroup.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2011
Key Executives
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Chairman
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President
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Chief Financial Officer
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Chief Operating Officer
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Director/Member of the Board
Ownership Details
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19.5%
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6.3%
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5.1%
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2.599%
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Subsidiaries
Beijing Momo Information Technology Co., Ltd.
Beijing Yiliulinger Information Technology Co., Ltd.
Momo Technology Hk Company Limited (Hong Kong SAR, China)
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-11.83%
Total operating revenue
-12.7%
Operating profit (EBIT)
-22.5%
EBITDA
-21.19%
Net Profit (Loss) for the Period
-61.91%
Total assets
10.82%
Total equity
1.72%
Operating Profit Margin (ROS)
-2.21%
Net Profit Margin
-9.44%
Return on Equity (ROE)
-5.54%
Debt to Equity Ratio
9.13%
Quick Ratio
-0.05%
Cash Ratio
0.67%

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