Couldn't agree more starstreak. Check out this June IPO for listing in HK by Tian Ge Interactive Holdings Ltd that valued the whole company at $A800 million with only 10 million MAU. It has a similar monetisation model to MIG which, with 9+ MAU, is valued by the market at circa $A100 million. So, everyone, go figure.
http://www.tiange.com/Upload/Pigeon-Cover-IPO-ENG-2d.pdf
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