BEIJING, March 7, 2017 /PRNewswire/ -- Momo Inc. (NASDAQ:
MOMO) ("Momo" or the "Company"), a leading mobile social networking
platform in China, today announced
its unaudited financial results for the fourth quarter and the full
year ended December 31, 2016.
Fourth Quarter 2016 Highlights
- Net revenues increased 524% year over year to $246.1 million.
- Net income attributable to Momo Inc. increased to $83.8 million in the fourth quarter of 2016 from
$6.1 million in the same period last
year.
- Non-GAAP net income attributable to Momo Inc. (note 1)
increased 674% to $91.5 million in
the fourth quarter of 2016 from $11.8
million in the same period last year.
- Diluted net income per American Depositary Share ("ADS") was
$0.41, compared to $0.03 in the same period last year.
- Non-GAAP diluted net income per ADS (note 1) was $0.44, compared to $0.06 in the same period last year.
- Monthly Active Users ("MAU")[1] were 81.1
million in December 2016, compared to
69.8 million in December 2015.
[1]MAU during a given calendar
month is defined as Momo users who accessed the Momo platform
through Momo mobile application and utilized any of the functions
on the Momo platform for at least one day during the 30-day period
counting back from the last day of such calendar month. The active
users on Hani, the Company's stand-alone live video application,
were not included in the MAU disclosed herein.
|
Full Year 2016 Highlights
- Net revenues increased 313% year over year to $553.1 million for the full year of 2016.
- Net income attributable to Momo Inc. was $145.3 million for the full year of 2016,
compared with $13.7 million in
2015.
- Non-GAAP net income attributable to Momo Inc. (note 1) was
$177.0 million for the full year of
2016, compared with $31.1 million in
2015.
- Diluted net income per ADS was $0.71 for the full year of 2016, compared with
$0.07 in 2015.
- Non-GAAP diluted income per ADS (note 1) was $0.87 for the full year of 2016, compared with
$0.15 during the same period of
2015.
"The fourth quarter of 2016 was a mile-stone quarter for our
team, capping off a great year of 2016." Commented Yan Tang,
Chairman and CEO of Momo. "Our total revenues and net income
continue to hit new record highs. More importantly, I am happy to
see that after four consecutive quarters of steady rebound, our MAU
has already exceeded its historical peak level back in early 2015.
In addition to the growth in user scale, 2016 was also a year where
we saw meaningful improvement in user engagement. All of these
shows that by optimizing the existing social experience and
introducing new social and entertainment use cases, Momo is on the
right track to become a larger and stronger community for users to
socialize and have fun."
Fourth Quarter 2016 Financial Results
Net revenues
Total net revenues were $246.1
million in the fourth quarter of 2016, an increase of 524%
from $39.5 million in the fourth
quarter of 2015.
Live video service, which was launched in the third quarter of
2015, continued its strong momentum and generated revenues of
$194.8 million in the fourth quarter
of 2016. The rapid growth in live video revenues is mainly because
of the increase in paying users of live video service. Paying users
of live video service for the fourth quarter of 2016 reached 3.5
million.
Value-added service revenues mainly include membership
subscription revenues and virtual gift revenues, the latter of
which we launched in the fourth quarter of 2016 to enrich
communication experience among users. The total value-added service
revenues were $19.1 million in the
fourth quarter of 2016, an increase of 31% from $14.6 million during the same period of 2015. The
year over year increase was primarily driven by: (a) the increase
of membership subscription revenues as a result of the increase in
average revenues per paying user, as more members bought our
premium VIP package, and the increase in the total number of
members; and (b) the increase of virtual gift service revenues.
Momo members were 3.5 million and 2.9 million as of December 31, 2016 and 2015, respectively.
Mobile marketing revenues were $19.7
million in the fourth quarter of 2016, an increase of 29%
from $15.3 million during the same
period of 2015. The significant growth in mobile marketing business
was driven by more new customers and orders introduced by sales
agents, as well as the increase of eCPM (effective cost per mille)
of the in feed advertisement service.
Mobile games revenues were $11.3
million in the fourth quarter of 2016, an increase of 45%
from $7.8 million during the fourth
quarter of 2015. The increase in game revenues was mainly due to
the contribution of a self-developed game.
Cost and expenses
Cost and expenses were $157.7
million in the fourth quarter of 2016, an increase of 336%
from $36.1 million in the fourth
quarter of 2015. The increase was primarily attributable to: (a) an
increase in revenue sharing with the broadcasters related to our
live video service; (b) increase in marketing and promotional
expenses to expand service accessibility, attract users and promote
the live video service; (c) an increase in fees to payment channels
resulting from higher volume of cash collection through such
channels; d) an increase in personnel related costs including
share-based compensation expenses as a result of the Company's
rapidly expanding talent pool; and (e) increased infrastructure
related spending, such as bandwidth costs and server depreciation
costs, driven by more functions introduced on Momo's platform.
Non-GAAP cost and expenses (note 1) were $150.0 million in the fourth quarter of 2016, an
increase of 392% from $30.5 million
during the same period last year.
Income from operations
Income from operations was $88.4
million in the fourth quarter of 2016, compared to
$3.5 million during the same period
last year.
Non-GAAP income from operations (note 1) was $96.1 million in the fourth quarter of 2016,
compared to $9.2 million during the
same period last year.
Net income
Net income attributable to Momo Inc. was $83.8 million in the fourth quarter of 2016,
compared to $6.1 million during the
same period last year.
Non-GAAP net income (note 1) attributable to Momo Inc. was
$91.5 million in the fourth quarter
of 2016, compared to $11.8 million
during the same period last year.
Net income per ADS
Diluted net income per ADS was $0.41 in the fourth quarter of 2016, compared to
$0.03 in the fourth quarter of
2015.
Non-GAAP diluted net income per ADS (note 1) was $0.44 in the fourth quarter of 2016, compared to
$0.06 in the fourth quarter of
2015.
Cash and cash flow
As of December 31, 2016, Momo's
cash, cash equivalents and term deposits totaled $651.3 million, compared to $469.5 million as of December 31, 2015. Net cash provided by operating
activities in the fourth quarter of 2016 was $107.2 million, compared to $31.7 million for the same quarter of 2015.
Full Year 2016 Financial Results
Net revenues for the full year of 2016 were $553.1 million, an increase of 313% from
$134.0 million in the same period of
2015, primarily driven by the significant increase in net revenues
from live video service, mobile marketing business, and
value-added service.
Net income attributable to Momo Inc. was $145.3 million in the full year of 2016, compared
to $13.7 million in 2015.
Non-GAAP net income attributable to Momo Inc. (note 1) was
$177.0 million in the full year of
2016, compared to $31.1 million in
2015.
Diluted net income per ADS was $0.71 during the full year of 2016, compared to
$0.07 in 2015.
Non-GAAP diluted net income per ADS (note 1) was $0.87 during the full year of 2016, compared to
$0.15 in 2015.
Net cash provided by operating activities was $218.3 million during the full year of 2016,
compared with $57.3 million in
2015.
Business Outlook
For the first quarter of 2017, the Company expects total net
revenues to be between $238.0 million and
$243.0 million, representing a year-over-year increase of
367% to 377%. These estimates reflect the Company's current and
preliminary view, which is subject to change.
Note 1: Non-GAAP measures
To supplement our consolidated financial statements presented in
accordance with U.S. generally accepted accounting principles
("GAAP"), we use various non-GAAP financial measures that are
adjusted from the most comparable GAAP results to exclude
share-based compensation.
Reconciliations of our non-GAAP financial measures to our U.S.
GAAP financial measures are shown in tables at the end of this
earnings release, which provide more details about the non-GAAP
financial measures.
Our non-GAAP financial information is provided as additional
information to help investors compare business trends among
different reporting periods on a consistent basis and to enhance
investors' overall understanding of the historical and current
financial performance of our continuing operations and our
prospects for the future. Our non-GAAP financial information should
be considered in addition to results prepared in accordance with
GAAP, but should not be considered a substitute for or superior to
the GAAP results. In addition, our calculation of the non-GAAP
financial measures may be different from the calculation used by
other companies, and therefore comparability may be limited.
Our non-GAAP information (including non-GAAP cost and operating
expenses, income from operations, net income attributable to Momo
Inc., and diluted earnings per ADS) is adjusted from the most
comparable GAAP results to exclude share-based compensation. A
limitation of using these non-GAAP financial measures is that
share-based compensation charge has been and will continue to be
for the foreseeable future a significant recurring expense in our
results of operations. We compensate for these limitations by
providing reconciliations of our non-GAAP measures to our U.S. GAAP
measures. Please see the reconciliation tables at the end of this
earnings release.
Conference Call
Momo's management will host an earnings conference call on
Tuesday, March 7,
2017 at 8: 00 a.m. U.S. Eastern Time (9:00 p.m. Beijing / Hong Kong Time
on March 7, 2017).
Dial-in details for the earnings conference call are as
follows:
International:
|
+65 6713
5090
|
U.S. Toll
Free:
|
+1 866 519
4004
|
Hong Kong Toll
Free:
|
800-906601
|
Mainland
China:
|
4006-208038
|
Passcode:
|
Momo
|
Please dial in 15 minutes before the call is scheduled to
begin.
A telephone replay of the call will be available after the
conclusion of the conference call through 8:00 a.m. U.S.
Eastern Time, March 14, 2017. The dial-in details for the
replay are as follows:
International:
|
+61-2-8199
0299
|
U.S. Toll
Free:
|
+1 855 452
5696
|
Passcode:
|
73346420
|
Additionally, a live and archived webcast of the conference call
will be available on the Investor Relations section of Momo's
website at http://ir.immomo.com.
About Momo
Momo is a leading mobile social networking platform in
China. Momo connects people in a
personal and lively way through a revolutionary mobile-based social
networking platform. With powerful and precise location-based
features, Momo enables users to connect with each other and expand
relationships from online to offline. Momo's platform includes the
Momo mobile application, the Hani mobile application and a variety
of related features, functionalities, tools and services that it
provides to users, customers and platform partners. Leveraging its
social interest graph engine and analysis of user behavior data,
Momo is able to provide users a customized experience based on
their social preferences and needs. Momo users can maintain and
strengthen their relationships through private and group
communication tools, content creation and sharing functions, as
well as the offline social activities promoted on Momo's platform.
Momo users are also able to enjoy live video on our platform. For
more information, please visit http://ir.immomo.com.
For investor and media inquiries, please contact:
Momo Inc.
Investor Relations
Phone: +861057310538
Email: ir@immomo.com
Christensen In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
Safe Harbor Statement
This news release contains "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include but are not
limited to our management quotes and our financial outlook for the
first quarter of 2017.
Our forward-looking statements are not historical facts but
instead represent only our belief regarding expected results and
events, many of which, by their nature, are inherently uncertain
and outside of our control. Our actual results and other
circumstances may differ, possibly materially, from the anticipated
results and events indicated in these forward-looking statements.
Announced results for the fourth quarter of 2016 are preliminary,
unaudited and subject to audit adjustment. In addition, we may not
meet our financial outlook for the first quarter of 2017 and may be
unable to grow our business in the manner planned. We may also
modify our strategy for growth. In addition, there are other
risks and uncertainties that could cause our actual results to
differ from what we currently anticipate, including those relating
to our ability to retain and grow our user base, our ability to
attract and retain sufficiently trained professionals to support
our operations, and our ability to anticipate and develop new
services and enhance existing services to meet the demand of our
users or customers. For additional information on these and
other important factors that could adversely affect our business,
financial condition, results of operations, and prospects, please
see our filings with the U.S. Securities and Exchange
Commission.
All information provided in this press release and in the
attachments is as of the date of the press release. We undertake no
obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise, after the
date of this release, except as required by law. Such information
speaks only as of the date of this release.
Momo
Inc.
|
Unaudited
Condensed Consolidated Statement of
Operations
|
(US dollars in
thousands, except per share data)
|
|
Three
months
|
|
Year
|
Ended December
31
|
|
ended December
31
|
|
2015
|
|
2016
|
|
2015
|
|
2016
|
Net
revenues:
|
|
|
|
|
|
|
|
Live video
service
|
1,019
|
|
194,840
|
|
1,231
|
|
376,925
|
Value-added
service
|
14,605
|
|
19,067
|
|
58,462
|
|
67,603
|
Mobile
marketing
|
15,331
|
|
19,730
|
|
38,885
|
|
66,339
|
Mobile
games
|
7,775
|
|
11,299
|
|
31,082
|
|
35,453
|
Other
services
|
732
|
|
1,182
|
|
4,328
|
|
6,778
|
Total net
revenues
|
39,462
|
|
246,118
|
|
133,988
|
|
553,098
|
Cost and
expenses:
|
|
|
|
|
|
|
|
Cost of
revenues
|
(9,794)
|
|
(110,219)
|
|
(30,312)
|
|
(241,463)
|
Research and
development
|
(6,523)
|
|
(7,733)
|
|
(23,265)
|
|
(31,399)
|
Sales and
marketing
|
(12,353)
|
|
(28,395)
|
|
(52,631)
|
|
(97,173)
|
General and
administrative
|
(7,475)
|
|
(11,357)
|
|
(22,879)
|
|
(38,983)
|
Total cost and
expenses
|
(36,145)
|
|
(157,704)
|
|
(129,087)
|
|
(409,018)
|
Other operating
income (loss)
|
154
|
|
(57)
|
|
713
|
|
406
|
Income from
operations
|
3,471
|
|
88,357
|
|
5,614
|
|
144,486
|
Interest
income
|
2,075
|
|
2,739
|
|
7,805
|
|
8,194
|
Impairment loss on
long-term investments
|
-
|
|
(5,459)
|
|
-
|
|
(5,765)
|
Income before
income tax and share of
income on equity method
investments
|
5,546
|
|
85,637
|
|
13,419
|
|
146,915
|
Income tax benefit
(expenses)
|
69
|
|
(3,182)
|
|
(92)
|
|
(5,136)
|
Income before
share of income on equity
method investments
|
5,615
|
|
82,455
|
|
13,327
|
|
141,779
|
Share of income on
equity method investments
|
516
|
|
1,328
|
|
370
|
|
3,471
|
Net income
attributable to Momo Inc.
|
6,131
|
|
83,783
|
|
13,697
|
|
145,250
|
Net income per share
attributable to ordinary
shareholders
|
|
|
|
|
|
|
|
Basic
|
0.02
|
|
0.22
|
|
0.04
|
|
0.38
|
Diluted
|
0.02
|
|
0.20
|
|
0.03
|
|
0.36
|
Weighted average
shares used in calculating net
income per ordinary share
|
|
|
|
|
|
|
|
Basic
|
353,013,030
|
|
388,567,606
|
|
342,646,282
|
|
377,335,923
|
Diluted
|
403,234,020
|
|
412,934,127
|
|
401,396,548
|
|
407,041,165
|
Momo
Inc.
|
Unaudited
Condensed Consolidated Statement of Comprehensive
Income
|
(US dollars in
thousands, except per share data)
|
|
|
Three
months
|
|
Year
|
ended December
31
|
|
ended December
31
|
|
2015
|
|
2016
|
|
2015
|
|
2016
|
Net income
attributable to Momo Inc.
|
6,131
|
|
83,783
|
|
13,697
|
|
145,250
|
Other comprehensive
loss, net of tax of nil
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment
|
(1,651)
|
|
(8,337)
|
|
(3,499)
|
|
(11,642)
|
Comprehensive
income attributable to Momo Inc.
shareholders
|
4,480
|
|
75,446
|
|
10,198
|
|
133,608
|
Momo
Inc.
|
Unaudited
Condensed Consolidated Balance Sheets
|
( US dollars in
thousands)
|
|
|
|
|
|
December
31
|
|
December
31
|
2015
|
2016
|
Assets
|
|
|
|
Current
assets
|
|
|
|
Cash and cash
equivalents
|
169,469
|
|
257,564
|
Term
deposits
|
300,000
|
|
393,759
|
Accounts receivable,
net of allowance for doubtful
accounts of $nil and $nil as of December
31, 2015 and
2016, respectively
|
14,896
|
|
36,078
|
Prepaid expenses and
other current assets
|
18,297
|
|
32,592
|
Deferred tax assets,
current
|
-
|
|
72
|
Amount due from
related parties
|
1,175
|
|
88
|
Total current
assets
|
503,837
|
|
720,153
|
Property and
equipment, net
|
16,259
|
|
13,932
|
Rental
deposits
|
743
|
|
920
|
Long term
investments
|
19,318
|
|
31,932
|
Deferred tax assets,
non-current
|
-
|
|
208
|
Other non-current
assets
|
2,000
|
|
2,593
|
Total
assets
|
542,157
|
|
769,738
|
Liabilities and
equity
|
|
|
|
Current
liabilities
|
|
|
|
Accounts
payable
|
10,445
|
|
40,457
|
Deferred
revenue
|
28,274
|
|
41,277
|
Accrued expenses and
other current liabilities
|
26,694
|
|
39,965
|
Amount due to related
parties
|
6,532
|
|
8,117
|
Income tax
payable
|
-
|
|
3,881
|
Total current
liabilities
|
71,945
|
|
133,697
|
Other non-current
liabilities
|
1,826
|
|
2,022
|
Total
liabilities
|
73,771
|
|
135,719
|
Shareholder's equity
(Note a)
|
468,386
|
|
634,019
|
Total liabilities
and shareholder's equity
|
542,157
|
|
769,738
|
|
Note a: As of
December 31, 2016, the number of ordinary shares issued and
outstanding was 388,948,435.
|
Momo
Inc.
|
Unaudited
Condensed Consolidated Statement of Cash Flows
|
(US dollars in
thousands)
|
|
|
Three
months
|
|
Year
|
|
Ended December
31
|
|
ended December
31
|
|
2015
|
|
2016
|
|
2015
|
|
2016
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
Net income
attributable to Momo Inc.
|
6,131
|
|
83,783
|
|
13,697
|
|
145,250
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
|
|
|
|
Depreciation of
property and equipment
|
2,077
|
|
2,156
|
|
6,646
|
|
8,404
|
Share-based
compensation
|
5,687
|
|
7,734
|
|
17,382
|
|
31,706
|
Investing
income
|
(516)
|
|
(1,328)
|
|
(370)
|
|
(3,471)
|
Impairment loss on
long-term investments
|
-
|
|
5,459
|
|
-
|
|
5,765
|
Loss on disposal of
property and equipment
|
-
|
|
9
|
|
5
|
|
15
|
Changes in operating
assets and liabilities:
|
|
|
|
|
|
|
|
Accounts
receivable
|
1,880
|
|
(10,806)
|
|
(8,538)
|
|
(22,978)
|
Prepaid expenses and
other current assets
|
486
|
|
(6,558)
|
|
(11,247)
|
|
(15,634)
|
Amount due from
related parties
|
(309)
|
|
391
|
|
(1,218)
|
|
1,037
|
Rental
deposits
|
(624)
|
|
(96)
|
|
38
|
|
(304)
|
Accounts
payable
|
508
|
|
11,280
|
|
5,274
|
|
32,019
|
Income tax
payable
|
-
|
|
3,946
|
|
-
|
|
3,946
|
Deferred revenue
|
3,328
|
|
3,534
|
|
12,996
|
|
15,546
|
Accrued expenses and
other current liabilities
|
13,313
|
|
6,203
|
|
20,671
|
|
15,456
|
Deferred tax
assets
|
-
|
|
(73)
|
|
-
|
|
(73)
|
Amount due to related
parties
|
(87)
|
|
1,162
|
|
88
|
|
1,642
|
Deferred tax assets,
non-current
|
-
|
|
(211)
|
|
-
|
|
(211)
|
Other non-current
liabilities
|
(154)
|
|
658
|
|
1,828
|
|
196
|
Net cash provided
by operating activities
|
31,720
|
|
107,243
|
|
57,252
|
|
218,311
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
Purchase of property
and equipment
|
(3,300)
|
|
(2,040)
|
|
(13,521)
|
|
(7,026)
|
Proceeds from disposal
of property and equipment
|
-
|
|
24
|
|
-
|
|
63
|
Payment for long term
investments
|
(1,980)
|
|
(3,012)
|
|
(17,859)
|
|
(14,542)
|
Prepayment of long
term investments
|
(1,194)
|
|
(2,635)
|
|
(2,000)
|
|
(2,635)
|
Purchase of term
deposits
|
-
|
|
(129,734)
|
|
(450,000)
|
|
(509,612)
|
Cash received on
maturity of term deposits
|
-
|
|
50,091
|
|
150,000
|
|
415,404
|
Net cash used in
investing activities
|
(6,474)
|
|
(87,306)
|
|
(333,380)
|
|
(118,348)
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
Proceeds from exercise
of options
|
138
|
|
25
|
|
401
|
|
333
|
Deferred payment of
purchase of property and equipment
|
-
|
|
-
|
|
-
|
|
(319)
|
Payment for IPO
costs
|
-
|
|
-
|
|
(2,634)
|
|
-
|
Net cash provided
by (used in) financing activities
|
138
|
|
25
|
|
(2,233)
|
|
14
|
Effect of exchange
rate on cash and cash equivalents
|
(1,549)
|
|
(8,404)
|
|
(3,138)
|
|
(11,882)
|
Net increase
(decrease) in cash and cash equivalents
|
23,835
|
|
11,558
|
|
(281,499)
|
|
88,095
|
Cash and cash
equivalent at beginning of period
|
145,634
|
|
246,006
|
|
450,968
|
|
169,469
|
Cash and cash
equivalent at end of period
|
169,469
|
|
257,564
|
|
169,469
|
|
257,564
|
Momo
Inc.
|
Reconciliation of
Non-GAAP financial measures to comparable GAAP
measures
|
(US dollars in
thousands, except per share data)
|
|
1. Reconciliation of Non-GAAP
cost and operating expenses, income from operations, and net income
to comparable GAAP measures.
|
|
|
|
|
|
Three
months
|
|
Three
months
|
ended December 31,
2015
|
ended December 31,
2016
|
|
GAAP
|
|
Adjustments
|
|
Non-
GAAP
|
|
GAAP
|
|
Adjustments
|
|
Non-
GAAP
|
Cost and operating
expenses
|
(36,145)
|
|
5,687 (a)
|
|
(30,458)
|
|
(157,704)
|
|
7,734
(b)
|
|
(149,970)
|
Income from
operations
|
3,471
|
|
5,687 (a)
|
|
9,158
|
|
88,357
|
|
7,734 (b)
|
|
96,091
|
Net income
attributable to
Momo Inc.
|
6,131
|
|
5,687 (a)
|
|
11,818
|
|
83,783
|
|
7,734 (b)
|
|
91,517
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
|
|
Year
|
ended December 31,
2015
|
ended December 31,
2016
|
|
GAAP
|
|
Adjustments
|
|
Non-
GAAP
|
|
GAAP
|
|
Adjustments
|
|
Non-
GAAP
|
Cost and operating
expenses
|
(129,087)
|
|
17,382 (c)
|
|
(111,705)
|
|
(409,018)
|
|
31,706
(d)
|
|
(377,312)
|
Income from
operations
|
5,614
|
|
17,382 (c)
|
|
22,996
|
|
144,486
|
|
31,706
(d)
|
|
176,192
|
Net income
attributable to
Momo Inc.
|
13,697
|
|
17,382 (c)
|
|
31,079
|
|
145,250
|
|
31,706
(d)
|
|
176,956
|
|
Notes:
|
(a)
Adjustments to exclude share-based compensation of $5,687 from the
unaudited condensed consolidated statements.
|
(b)
Adjustments to exclude share-based compensation of $7,734 from the
unaudited condensed consolidated statements.
|
(c) Adjustments to exclude
share-based compensation of $17,382 from the unaudited condensed
consolidated statements.
|
(d)
Adjustments to exclude share-based compensation of $31,706 from the
unaudited condensed consolidated statements.
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/momo-announces-unaudited-financial-results-for-the-fourth-quarter-and-fiscal-year-2016-300419177.html
SOURCE Momo Inc.