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Provides of Momo (NASDAQ:MOMO) just recently tumbled after Chinese regulators purchased removing its Tantan matchmaking application from numerous cell phone application storage. Momo mentioned it absolutely was “proactively communicating with the appropriate governing bodies” and may “fully work” to displace the application’s access “soon.”

Momo specified this would conduct a “in depth interior analysis” of Tantan’s contents, but alerted the quick suspension would affect its ability to captivate new users. (more…)