China’s dating app Momo has 120 million users, a possible valuation of $2 billion, and an ongoing flirtation with U.S. banks, eager to get a piece of the action should the company go public on a U.S. stock exchange, but a few of the racier user profiles have investors on edge.
The Wall Street Journal reports that some of the photos could run afoul of China’s widening crackdown on internet pornography. A reporter from state news service Xinhua logged onto the app in a popular bar district of Beijing and reportedly found scantily clad women “wearing bikinis to show off their physiques” and profiles suggestive of escort services. The salacious details may not shock users of dating sites the world over, but in China, the pictures can trigger regulatory crackdowns. Web companies Sina and Sohu.com have seen their publishing licenses revoked for explicit content.
The Brief Newsletter
In an email to the Journal, a company spokesperson insisted the company supported the government’s crackdown and would expand its team of internal censors from 60 to 100 employees, saying its commercial interests were “totally incompatible with lewd and sexual content.”
[WSJ]
