Mobile Startup Tantan Brings In $70 Million

Tantan announced the close of $70 million in financing. Three investors participated in the round, among them Genesis Capital Advisors and SAIF Partners.

Tantan is a mobile dating app that works much like a Chinese version of Tindr. Users can swipe to like or pass on people who are suggested to them. Once both parties swipe right for each other, a match is made. According to Tantan, nearly 600 million matches have been made through its dating platform.