日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Technology

Chinese chat app Momo gets buyout offer from CEO

(Agencies) Updated: 2015-06-24 09:11

Chinese chat app Momo gets buyout offer from CEO

Tang Yan (center, front), founder and chief executive officer of China's mobile social networking platform Momo Inc attends the ceremony of ringing the opening bell at the NASDAQ in New York, the United States, Dec 11, 2014. [Photo/Xinhua]

Momo Inc's chief executive and a group of investment firms offered to buy all shares of the Chinese mobile chat app company they do not already own for $1.9 billion, six months after the company listed in the United States.

Momo, which helps users find friends based on locations and exchange messages, pictures and videos, is the latest in a string of Chinese tech companies that have received proposals to drop their US listings and take them private.

Security software company Qihoo 360 Technology Co Ltd received a $10.06 billion buyout offer from its CEO last week.

Many Chinese tech executives are betting on higher share valuations in China, where stock markets have recently rallied.

Momo's CEO, Tang Yan, and the buyout consortium already own about 47 percent of the company, with an aggregate voting power of about 84 percent. The offer values the company at $3.6 billion.

"There is no comparable company in the United States, so US investors may not fully understand the company's business model," Summit Research analyst Henry Guo said.

"They (Momo) believe if they go back to China and trade on the Shanghai stock market, their users and investors will know what they are doing, and they can get a better valuation."

Chinese Premier Li Keqiang earlier this month encouraged such companies to return, particularly those with "special ownership structures," referring to the contractual loopholes used by many Chinese firms to evade restrictions on foreign ownership.

The offer of $18.90 per American depositary share represents a premium of 20.50 percent to Momo's Monday closing price.

Shares of Momo, which is backed by Alibaba Group Holding Ltd, were trading at $17.42 by midday on Tuesday.

Momo went public last December at a time when Tang was facing allegations of stealing information from former employer NetEase Inc, where he worked from 2003 to 2011.

Since the listing, the stock had jumped more than 16 percent through Monday.

Momo, which had 78.1 million monthly active users in March, generates revenue mainly from membership fees and through advertisements, mobile games and emoticons.

The deal value is based on 377.8 million outstanding shares as of March 31, according to Thomson Reuters data. Each ADS has two ordinary shares.

The investment firms involved in the deal are Matrix Partners China II Hong Kong Ltd, Sequoia Capital China Investment Management LP and Huatai Ruilian Fund Management Co Ltd.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 天天干天天干天天操 | 亚洲视频在线观看网站 | 色人人| www.亚洲国产| 久久看片 | 欧美极品在线视频 | 欧美精品自拍 | 国产麻豆精品在线观看 | 亚洲精品91 | 成人自拍网 | 亚洲欧美日韩激情 | 日一区二区| 日韩综合一区二区 | 色吊丝中文字幕 | 国内久久 | 偷拍超碰| 中文字幕高清av | 免费在线观看黄色小视频 | 成人午夜在线观看视频 | 久久久久久久久国产精品 | 日本在线观看免费 | 中文一区二区 | 97超碰人人模人人人爽人人爱 | 中文字幕在线视频观看 | 一区二区免费在线观看视频 | 欧美高清一区二区 | 手机av免费看 | 日韩欧美中文字幕一区二区三区 | 国产精品手机在线观看 | 中文字幕高清在线免费播放 | 国产99久久 | 国产毛片一级 | 国产三级精品在线观看 | 中文字幕在线观看的网站 | 日本中文字幕在线播放 | 黑人と日本人の交わりビデオ | 黄色三级视屏 | 日韩精品在线免费观看 | 日韩欧美一区二区三区四区 | 日韩不卡一区二区三区 | 国产精品成人国产乱 |