Hello Group Inc Announces CEO Change

Hello Group, which owns dating app Tantan, has announced that its CEO Li Wang has resigned due to health reasons. Executive Chairman Yan Tang will be assuming the CEO role immediately.

Li Wang will still be involved in Hello Group in some capacity, becoming an executive director and president of the company, Seeking Alpha reports. 

Hello Group refers to itself as a leading player in China’s online social and entertainment industry. Its products Momo and Tantan help connect users and support them as they have meaningful interactions.

Dating app Tantan has over 300 million registered users, with 10 million matches happening everyday according to its website. The platform is geared towards millennials, helping this demographic to meet and socialise with people who share similar interests.

In December 2021, the company’s annual net revenue was ¥14.5 billion yuan, equivalent to USD $1.9 billion.