Comment on Location-based Social App Momo Starts Monetization with Emoticons and Subscription by Momo: from Location-based Social Network for Strangers to Interest-based Platform - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2013-06-27 00:00:00

Momo Emoticon MarketLocation-based social app Momo, launched 4.0 version with an emoticon market and subscription offerings, an obvious move for monetization. The subscription package offers twelve privileges; for instance, subscribers can follow more users and have more people in a chatting group. A virtual currency, Momo Coin, is introduced for the convenience of purchases. The most expensive emoticons are for about 12 yuan each, or 10.8 yuan for subscribers — it sounds very expensive to me. Momo, launched in August 2011, announced 30 million users in March this year.