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Chinese Tinder-Like 'Tantan' Rakes In 32 Million USD

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Jerrod Fenton

Chinese mobile dating app Tantan has raised a $32 million USD series C funding from a group of investors, including LB Investment, Vision Capital 元璟资本 , and DST Global.

The latter is headed by Russian billionaire Yuri Milner, whose investment portfolio includes big name tech companies, including Didi Chuxing, Xiaomi, Facebook, Snapchat, and Twitter.

After this round of funding, we plan to continue focusing on user pain points, improving daily usage, and consolidating our position in the social application industry, a PR spokesperson from Tantan told TechNode.Well this looks familiar…The company claims to have 2.5 million active users, about 80% of which are part of China s post-90 s generation.

According to Chinese media, the male-to-female ratio on Tantan s app is 6:4.Founded in 2014, the Chinese app is almost identical to Tinder, down to its UI which lets users swipe left and right for potential matches.

In 2015, the Beijing-based company came under fire when multiple security risks in the app were revealed by Hong Kong-based entrepreneur, Larry Salibra.

By reverse-engineering the Chinese app, Mr. Salibra discovered that sensitive user data, including passwords and telephone numbers, were not encrypted and vulnerable to hackers.

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Jerrod Fenton
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