THE STREET – Jan 6 – Jiayuan.com is a very popular dating site in China. However, like most of the Chinese Internet space, the shares have been pummeled recently, falling by more than 70% from 2011 highs. RenRen, which many investors felt would bottom out at $5.00, now trades at just over $3.00. On Dec. 21, Jiayuan hit an all-time low of $5.50, prompting management to announce a share buyback program of up to $10M. The share price immediately jumped as much as 20% to over $6.50. However, the initial enthusiasm has proven to be short lived and the share price has drifted back down to the $5 to $6 range once again.
by Rick Pearson
See full article at The Street
JiaYuan IPO’d in May 2011 at $11, peaked at $16.12 and now runs $5.80 with a P/E ratio of 167. Clearly, a bet on JiaYuan is a bet on the future.
JiaYuan revenues, profits and the number of paying members are healthy. They’re profitable with well over a million paying members and over 40% market share and See our financial summary here http://www.onlinepersonalswatch.com/news/jiayuan-financials.html
They launched in 2003. See all news since 2004 in summary format here http://www.onlinepersonalswatch.com/news/jiayuancom/
I interviewed the CEO, Rose Gong, in July 2011, see http://www.onlinepersonalswatch.com/news/2011/07/jiayuan-ceo-interview-rose-gongs-founding-story-of-jiayuan-and-the-secret-to-her-success.html
JiaYuan IPO’d in May 2011 at $11, peaked at $16.12 and now runs $5.80 with a P/E ratio of 167. Clearly, a bet on JiaYuan is a bet on the future.
JiaYuan revenues, profits and the number of paying members are healthy. They’re profitable with well over a million paying members and over 40% market share and See our financial summary here http://www.onlinepersonalswatch.com/news/jiayuan-financials.html
They launched in 2003. See all news since 2004 in summary format here http://www.onlinepersonalswatch.com/news/jiayuancom/
I interviewed the CEO, Rose Gong, in July 2011, see http://www.onlinepersonalswatch.com/news/2011/07/jiayuan-ceo-interview-rose-gongs-founding-story-of-jiayuan-and-the-secret-to-her-success.html