Hello Group Inc. Announces Effectiveness of Name Change
Hello Group Inc. (NASDAQ: MOMO) announced a corporate name change from Momo Inc. to Hello Group Inc., effective August 2, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Hello Group Inc. (NASDAQ: MOMO) announced a corporate name change from Momo Inc. to Hello Group Inc., effective August 2, 2021. The company's American depositary shares, each representing two Class A ordinary shares, will begin trading under the new name on the same day. Hello Group is a significant player in China’s online social and entertainment sector, operating platforms such as Momo and Tantan, which facilitate social interactions and dating.
Positive
- Name change to Hello Group Inc. aligns with broader company strategy.
- Continued operation of popular platforms like Momo and Tantan supports user engagement.
Negative
- None.
Details
News Market Reaction – MOMO
The recorded move for MOMO in the trading session of this news was +3.71%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEIJING, Aug. 2, 2021 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) (the "Company"), a leading mobile social and entertainment platform in China, today announced that it has changed its name from "Momo Inc." to "Hello Group Inc.," effective August 2, 2021. The American depositary shares of the Company, each representing two Class A ordinary shares, par value US
About Hello Group Inc.
We are a leading player in China's online social and entertainment space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which was added into our family of applications through acquisition in May 2018, is a leading social and dating application. It is designed to help its users find and establish romantic connections as well as meet interesting people. We also operate a number of other applications to serve different social and entertainment demands from our users.
For investor and media inquiries, please contact:
Hello Group Inc.
Investor Relations
Phone: +86-10-5731-0538
Email: ir@immomo.com
Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: eyuan@christensenir.com
In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
View original content:https://www.prnewswire.com/news-releases/hello-group-inc-announces-effectiveness-of-name-change-301345874.html
SOURCE Momo Inc.
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