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7		-Momo (MOMO) started its operations in July 2011 when its founders established Beijing Momo in China. In order to facilitate foreign investment in its company, the company incorporated its holding company under the name of Momo Technology Company Limited in the British Virgin Islands in November 2011. In July 2014, Momo Technology Company Limited was redomiciled in the Cayman Islands as an exempted company registered under the laws of the Cayman Islands, and was renamed Momo Inc. The following outlines other major changes to its corporate structure in the past years.
	7	+Momo (MOMO) started its operations in July 2011 when its founders established Beijing Momo in China. In order to facilitate foreign investment in its company, the company incorporated its holding company under the name of Momo Technology Company Limited in the British Virgin Islands in November 2011. In July 2014, Momo Technology Company Limited was redomiciled in the Cayman Islands as an exempted company registered under the laws of the Cayman Islands, and was renamed Momo Inc. The following outlines other major changes to its corporate structure in the past years.{{footnote}}https://fintel.io/doc/sec/1610601/000119312518133102/d504595d20f.htm{{/footnote}}
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9	9	* In December 2011, the company established Momo HK, a wholly-owned subsidiary, in Hong Kong.
10	10	* In March 2012, Beijing Momo IT was established as a wholly-owned subsidiary of Momo HK.
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174	174	The company's competitors may have substantially more cash, traffic, technical, performer and other resources, as well as broader product or service offerings and can leverage their relationships based on other products or services to gain a larger share of marketing budgets from customers. The company believe that its ability to compete effectively depends upon many factors, including the size, composition and engagement of its user base, its ad targeting capabilities, its pool of popular live broadcasters, market acceptance of its mobile marketing services and online entertainment services, its marketing and selling efforts, and the strength and reputation of its brand. The market in which the company operate is fragmented and highly competitive. If Momo is unable to compete effectively for users or user engagement, its business and operating results may be materially and adversely affected. The company also experience significant competition for highly skilled personnel, including management, engineers, designers and product managers. The company's growth strategy depends in part on its ability to retain its existing personnel and add additional highly skilled employees.
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176	176	= References =
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