PRWEB – May 23 – According to Wingman's recent survey, 90% of millennials would enjoy playing matchmaker for their friends. 70% said they thought the matches they would make for their friends would be better than if they pick their own dates. Wingman is not a dating app, but rather a growing community of "matchmakers" who want to do something good for a single friend.
Month: May 2017
Grindr Fully Bought Out By Chinese Tech Firm
ECNS.CN – May 25 – Beijing based game developer Kunlun Tech already bought 61,53% stake in Grindr for $93M in January 2016. On Tuesday, the company announced that it will buy the remaining 38,74% stake for another $152M. That will make Kunlun Tech the sole owner of the dating app. Grindr currently has more than 27M members from 196 countries (30% of whom are in the US).
by Gu Liping
See full article at Ecns.cn
This post also appears on InternetDatingInvestments.
Momo Q1 Financial Results: Revenue Up 421%
PR NEWSWIRE – May 23 – Net revenues increased 421% YOY to $265.2M (live video service revenue $212.6M, membership subscription & virtual gifts revenues $22.9M, mobile games revenues $11.6M, mobile marketing revenues $17.9M). Net income was $81.2M, compared to $12.7M for the same period last year. Monthly Active Users were 85.2M in March 2017, compared to 72.3M in March 2016.
Lahari Audio Gets Stake In Happn
BANGALORE MIRROR – May 25 – Popular Indian music label and film production company acquired a stake in French dating app. Neither the stake nor the amount paid for it were disclosed. Tulsiram Naidu of Lahari said they were approached to buy a stake. "It is a low-risk venture which is already profitable. So there was no saying no to it," Naidu said.
See full article at Bangalore Mirror
This post also appears on InternetDatingInvestments.
Grindr Hires New Editor-in-Chief For Its Online Magazine
by Garett Sloane
See full article at Advertising Age
How Dating App Badoo Built Its Own Big-data Analytics Platform
EliteSingles CEO To Speak At iDate Mobile Dating Conference
WEBWIRE – May 23 – Jeronimo Folgueira, CEO of Affinitas ("EliteSingles") will be interviewed by Mark Brooks on the merger with Spark Networks during the Internet dating conference. The event is taking place on June 1-2, 2017 at the Sportsmen's Lodge Events Center in Studio City, CA. They will discuss the recent announcement that the company is to merge with Spark Networks, to create one of the world's largest online dating providers.
Q&A With Lunch Actually’s Chief Matchmaker Violet Lim
THE MIDDLE GROUND – May 23 – Lunch Actually is the largest dating agency in Singapore, which celebrates its 13th year in business this year.
Q: How has the dating scene evolved these past 13 years?
A: The perception has changed. Rather than waiting for friends to introduce potential partners to them, many singles are now turning to professional dating agencies.
Q: What are your most surprising revelations about the dating scene in Singapore?
A: A survey we conducted last year revealed that technology made dating more complicated. 38% of women, who are dating men they met online, are unsure if the men are still dating other people. On the other hand, 36% of men admitted to losing interest easily.
Q: How has dating apps such as Tinder, CMB, Happn, Paktor, affected Lunch Actually?
A: I do not see them as competition, but as opportunities for us to also evolve and keep innovating.
Q: Can you share any upcoming plans for Lunch Actually?
A: We would like to expand into more markets in the region as well as offer more services to reach out to more singles.
See full article at The Middle Ground
Experts Skeptical About ‘STD-Verified’ Dating App NeatClub
Ashley Madison Claims Surprising User Numbers
by Richard Morgan
See full article at NY Post