Mr. Joseph C. Tsai has been appointed as a director of Momo Inc., effective on February 22, 2016. Mr. Hongping Zhang resigned as a director of the Company on February 19, 2016, effective immediately. Mr. Tsai joined Alibaba Group Holding Limited (Alibaba) in 1999 as a member of the Alibaba founding team and has served as Alibaba's executive vice chairman since May 2013.

He has been a non-executive director of Alibaba Health Information Technology Limited since September 2015. Joe previously served as Alibaba's chief financial officer and has been a member of Alibaba's board of directors since its formation.