In 2017, we plan to expand the user acquisition effort beyond the Momo platform,” said company CEO Tang Yan in the earnings conference call.
Momo has recorded profit for eight consecutive quarters, but 2016 was the real start point for its rocket-like growth.
Like many other social networking services in China, live streaming was the significant boost for its business, generating $194.8 million revenue during Q4 alone.
The standard for what constitutes an inappropriate leader-subordinate relationship hasn't changed in the new AR 600-20 4-14b which states, relationships, (both opposite-gender and same-gender) are prohibited if they: -- Compromise, or appear to compromise, the integrity of supervisory authority or the chain of command; -- Cause actual or perceived partiality or unfairness; -- Involve, or appear to involve, the improper use of rank or position for personal gain; -- Are, or are perceived to be, exploitative or coercive in nature; -- Create an actual or clearly predictable adverse impact on discipline, authority, morale or the ability of the command to accomplish its mission.
If any of these criteria are met, the parties involved may be subject to Uniformed Code of Military Justice action under Article 92 as a violation of a lawful general regulation.
Value-added service revenues from their social network, which totaled $19.1 million in Q4 2016, mainly consisted of membership subscription revenues and virtual gift revenues.
The firm cites the increase of premium VIP users and total users, as well as virtual gift service, as the reason.
The company, which was previously backed by Alibaba, went public when it listed on Nasdaq in December 2014.
The firm’s revenue recorded a significant 524 percent year-on-year jump to 6.1 million in Q4 last year, while its annual revenue soared 313 percent to reach 3.1 million.
Virtual gift-based live video streaming has become highly profitable in China — that’s to say that users buy small “virtual” items that they send to their favorite streamers to get attention, convey their gratitude, etc.