XINHUA — May 20 — China’s online dating market is expected to reach 653 million yuan (about $81 million) by 2008, with an annual growth rate of 60%, according to a recent iResearch report. The report values the online dating market at 37 million yuan (~$4.5 million) for 2004 and 91 million yuan ($11.2 million) for 2005. The US market was $520 million for 2005, and the European market, $110 million. There are more men than women in China’s 1.3-billion population. Baihe claims to be China’s largest dating site and received $11 million dollars of investment after attracting more than 5 million users in 2005.
The full article was originally published at Xinhua Net, but is no longer available.
With the huge population of China, no wonder that this industry will get that big amount of revenue. People nowadays chose to widen their boundaries and look for partner through the web. Others use the virtual web to look for opportunities and use their fraudulent activities.
waow 🙂