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Momo's 123% Q3 returns show there's big money in live streaming
Published Mon, Oct 3, 2016 · 09:50 PM
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New York
CHINA'S live-streaming video craze is producing huge returns for US investors.
Momo Inc's 123 per cent third-quarter return was the fourth-best among US-listed stocks with market values of at least US$2 billion. The Chaoyang-based company, which went public in New York in 2014 as China's answer to the Tinder dating app, has since expanded into the live-streaming business.
Credit Suisse AG says that the industry has grown 175 per cent over the pa…
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