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Momo’s 123% Jump Shows Big Money Hidden in Live-Stream Boom

  • Self-broadcasting in China seen becoming a $5 billion industry
  • Momo one of Credit Suisse’s top picks in online video business
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China’s live-streaming video craze is producing huge returns for U.S. investors.

Momo Inc.’s 123 percent third-quarter return was the fourth-best among U.S.-listed stocks with market values of at least $2 billion. The Chaoyang-based company, which went public in New York in 2014 as China’s answer to the Tinder dating app, has since expanded into the live-streaming business. Credit Suisse AG says that the industry has grown 175 percent over the past year, and analysts see more gains for Momo with their average 12-month target prices forecasting a 23 percent rise.