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She holds a Master of Arts from Tsinghua University in Global Business Journalism and a Bachelor of Arts in Communications and New Media from the National University of Singapore." data-title="Zen Soo" data-html="true" data-template=" A US

She holds a Master of Arts from Tsinghua University in Global Business Journalism and a Bachelor of Arts in Communications and New Media from the National University of Singapore." data-title="Zen Soo" data-html="true" data-template=" A US$1.9 billion buyout offer for China's mobile social networking platform Momo, famous in China for its eponymous online dating app, is being investigated by an American law firm over how fair the proposed deal is.According to a statement by Levi & Korsinsky, the US firm is looking into whether the consortium that offered to take Momo private on Tuesday is “taking advantage of its position to purchase the company at an unfair price”, according to an information request issued to Momo’s shareholders.Favourable government policies in China that make it easier for companies under a variable interest entity (VIE) structure to list in the country also encourage China companies to re-list at home.In a recent report, Barclays predicted that while the privatisation trend among Chinese internet companies is likely to continue, large-cap players such as e-commerce giant Alibaba and China’s top search engine Baidu are unlikely to follow suit.Momo, which held its initial public offering in December, is the latest in a string of Chinese tech companies that have received buyout offers recently.If successful, the deal would be valued at US$1.9 billion.

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She holds a Master of Arts from Tsinghua University in Global Business Journalism and a Bachelor of Arts in Communications and New Media from the National University of Singapore." data-title="Zen Soo" data-html="true" data-template=" A US$1.9 billion buyout offer for China's mobile social networking platform Momo, famous in China for its eponymous online dating app, is being investigated by an American law firm over how fair the proposed deal is.

According to a statement by Levi & Korsinsky, the US firm is looking into whether the consortium that offered to take Momo private on Tuesday is “taking advantage of its position to purchase the company at an unfair price”, according to an information request issued to Momo’s shareholders.

.9 billion buyout offer for China's mobile social networking platform Momo, famous in China for its eponymous online dating app, is being investigated by an American law firm over how fair the proposed deal is.

According to a statement by Levi & Korsinsky, the US firm is looking into whether the consortium that offered to take Momo private on Tuesday is “taking advantage of its position to purchase the company at an unfair price”, according to an information request issued to Momo’s shareholders.

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The latest round of investment will increase Tantan’s dominance in the playground of social networks for young singles, and will also help bring surprises to the users in terms of the product and services.

More Chinese internet companies are looking to delist in the United States in the belief they can receive higher valuations in the Chinese stock market.

Many believe “they are not being fully appreciated by US investors,” Henry Guo, an analyst at Summit Research Partners, told Bloomberg.

Since its launch in 2014, Tantan has been leading all the way and has successfully become the biggest social network for China’s young singles.

According to official statistics, Tantan has got 90 million registered users (60 million validated users, leaving out fake and banned accounts), among which “post-90s” take up more than 75%.

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