Hello Group Inc-ADR MOMO

Hello Group Inc was formerly known as Momo Inc. and still trades with the stock ticker MOMO. The firm is a Chinese online social networking and entertainment platform, headquartered in Beijing, China. The firm provides a mobile-based networking platform with a range of user-friendly tools, applications and features. The Momo platform essentially allows users to communicate and create digital content, while also providing them with a range of online entertainment options. The firm was founded in 2011.

The company operates across three main segments. Momo and Tantan segments primarily provide live video services, extra value-added services such as a membership subscription and virtual gift giving service, and mobile marketing services. There is a separate segment known as QOOL which essentially provides a music service, film distribution service and film promotion service.

The Momo platform aims to connect people and facilitate interactions based on location and interests. It incorporates various activities, such as live talent shows, short videos, and social games, as well as other video and audio based interactive experiences, such as live chats and a mobile karaoke experience. The firm is listed on the NASDAQ stock exchange, and trades under the stock ticker MOMO.

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