Tantan continues to grow and develop in an exciting and positive way. Total users now stand at 60 million, while Daily Active Users now exceed 6 million. Other key user statistics like second day return rate and male/female ratio remain at 70% and 60/40 respectively.
In the media Tantan is now referred to as Chinas leading dating app. Through product refinements as well as promotions management remains positive on the prospects for continued growth.
Monetization will be introduced in the near future. The first step will be a VIP service.
With the conclusion of the D round of financing the company now has a solid financial base which should last until an IPO. The round was substantially oversubscribed. The final amount in the D round was increased to 70 million USD as it was felt the strategic value of getting a major strategic partner, who we cannot disclose at this stage, on board as an investor and strategic partner justified the increase from 60 to 70 million USD. Together with YY, a large streaming site and Genesis (founded by ex Tencent executives) this adds substantial strategic partners to Tantan.
There is at present strong media interest in Tantan and many articles and mentions are appearing. A press conference yesterday was very well attended and substantial coverage is envisioned. We intend to summarize these for the benefit of shareholders in the coming weeks.
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