Another Asian Tinder-style app has raised significant money to build its user base.
Called Tantan, the Beijing-based app from Yay Media Labs has secured $5m in funding.
Last November, Singapore app Paktor also announced $3m in funding, to expand the app’s reach in Southeast Asia.
Read our interview with Paktor founder Joseph Phua here.
Tantan’s funding, reported on Sina Tech, was led by Bertelsmann Asia Investments.
The app works exactly like Tinder – letting users swipe through location-based profiles, match with mutually interested users, and chat with them.
One difference is that Tantan have introduced stickers on their app.
Founders Pan Ying and Wang Yu said their app has an 80% active weekly active rate and a 60% user retention rate.
They claim Tantan has made over 15m matches, seen 20m swipes and 1m messages sent every day.
Tantan is available for both iOS and Android.