Hello (US:MOMO) Xin Lang Cai Jing·2025-12-17 09:10Core Insights - The core viewpoint of the articles highlights that Momo, as an early player in the stranger social networking sector, is facing significant challenges due to the evolving social entertainment market and a shift in user preferences towards deeper interactions and new platforms [1][2]. Group 1: Business Challenges - Momo's core revenue streams are showing sustainability challenges, primarily due to a heavy reliance on traditional value-added services like live streaming, which are experiencing growth fatigue [2][4]. - The fluctuation in the number of paying users is directly impacting revenue stability, as changes in user spending willingness affect the company's financial performance [2][4]. - Efforts to explore new growth avenues, including overseas markets and innovative business models, have yet to yield significant results, with these new segments contributing only a limited share to overall revenue [2][4]. Group 2: Competitive Landscape - Momo is facing an increasingly severe competitive environment, with its traditional advantages being eroded. A notable challenge is the aging user demographic, which diminishes the platform's appeal to younger users, a key source of vitality and spending potential in social products [3][5]. - Emerging social platforms are attracting significant user attention by aligning more closely with the interests and community dynamics of younger generations, thereby posing a threat to Momo's market position [3][5]. - The original social model of Momo, based on geographic location and instant interaction, is showing signs of stagnation after years of operation. The demand for deeper social connections and quality content is not being met by Momo's current design, which focuses primarily on "breaking the ice" [6].