Momo, China’s top location-based social networking app, has continued its impressive user growth from last year and added solid financial figures to back it up, according to its most recent earnings report.The company, which was previously backed by Alibaba, went public when it listed on Nasdaq in December 2014.They were friends and it turned into something more a little while ago," a source tells E! "They like each other and are seeing where it goes.Nina was just in a serious relationship so she's being careful, but Glen is the best to her and treats her so well."After spending last year's holiday season with each other, plus all those oh-so-telling social media posts and a super coupley moment captured at Dobrev's So what all but confirmed Nina and Glen are more than just "good friends," as a rep previously told E! Over the weekend, the couple couldn't help but indulge in a little photo booth PDA at Julianne Hough and Brooks Laich's wedding in Idaho. "They are enjoying each other's company and the summer together so far.In December 2016, the service covered around 23 percent of the daily active users for the main application.

In 2016, we have primarily relied on converting existing Momo users onto the live streaming service.

Like many other social networking services in China, live streaming was the significant boost for its business, generating 4.8 million revenue during Q4 alone.

Since it was added to the Momo service in Q3 2015, live streaming has taken an increasingly larger share of Momo’s revenue stream, to the point that it is now dominant today.

That’s an impressive comeback considering the company began seeing stagnant active user growth in H2 2015.

Momo previously said slowing smartphone sales and a lack of software updates were the reason for the stagnation, but its focus on new business areas — and particularly live streaming — have helped reinvent the company and its app among Chinese users.