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Month: September 2017

Baihe’s Shares Fall After WePhone Founder’s Suicide

Posted on September 14, 2017

Baihe.com logo 2017SCMP – Sep 13 – The death of Su Xiangmao, 37, sparked online debate about whether dating sites are accountable for verifying users' personal data. Shares of Baihe.com plunged by almost half after its dating site Jiayuan.com was accused of failing to verify personal information about a woman who allegedly drove her ex-husband, a successful technology entrepreneur, to suicide. The stock traded as low as 3.6 yuan, down 48%, on the National Equities Exchange and Quotations, China's over-the-counter stock market for start-ups. It later recovered some ground, closing 19% lower at 5.68 yuan.

by Laura He
See full article at SCMP

See all posts on Jiayuan.com
See all posts on Baihe

Summarized by the Courtland Brooks team

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Smartphones Help More Indians Find Love

Posted on September 14, 2017

Shaadi mobileBLOOMBERG – Sep 13 – Revenue from Indian online dating expanded ~21% annually from 2010 to 2015, and will reach 20.6B rupees ($322M) by 2020, according to Ken Research Pvt Ltd. India's wedding market, including matchmaking services, venue-hire, catering, decorating and photography, is worth ~$54B a year. Matrimony.com, which opened an IPO on Monday, added 3M user-profiles last year, of which 40% were in semi-urban areas. People are shifting to mobiles to access dating sites. Three years ago, 60% of Shaadi.com's 3M user base was accessing the site via desktop. That proportion has shrunk to 20%, while mobile access jumped to 80% from 40%.

by Anindya Upadhyay
See full article at Bloomberg

See all posts on Matrimony.com
See all posts on Shaadi

Summarized by the Courtland Brooks team

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Q&A With Dmitry Volkov About His Art Installation At Burning Man

Posted on September 13, 2017

Dmitry volkovHUFFINGTON POST – Sep 11 – Burning Man attracts a wide range of people who are enthusiastic about experiencing one of the most moving, spiritual and unforgettable experiences of their lives. One of these people is Dmitry Volkov, an owner of Social Discovery Ventures (AnastasiaDate.com & AsianDate.com), investor and organizer of the OraculeTang camp at this year's Burning Man festival. The OraculeTang camp has been featured by Business Insider as one of the most incredible art installations at this year's Burning Man festival. Four large, inflatable figures of green aliens, ranging from 4.5m to 12m tall, represented the sacral objects for all the aliens and the Burners who believe in the existence of extraterrestrial life, and who worship alien civilizations.

Q: Who are you and what do you do for a living?
A: I'm an entrepreneur, investor, philosopher and contemporary art collector.

Q: What brought you to Burning Man?
A: I had heard about Burning Man many times. I became certain that I wanted to go when visiting my friend and philosopher, D. Dennett. One of Dennett's friends shared the story of Burning Man with me as well as his experiences out on The Playa.

Q: What inspired you to build the OraculeTang camp and what does it represent?
A: In 2015 we brought a gigantic robotic orangutang – OraculeTang. He was both an animal and a robot. The idea was to build a non-organic, intelligent animal that could communicate with humans. This year's Burning Man theme was all about radical inclusion – where people with different and alternative lifestyles come together and embrace each other's differences.

Q: You had recently met Dalai Lama. How was this experience and has it given you any new visions?
A: This relates to one of my philosophy projects. For many years, I have tried to contribute to developing bridges between philosophers in Russia and Western analytic philosophers. The Greenland conference I organized in 2014 is an example of this. The project I am doing with Dalai Lama is an attempt to stretch our hand to the East. Buddhists have developed a lot of very valuable ideas in ethics, as well as metaphysical ideas, like the concept of self as fiction. I think this is both interesting and worth exploring further.

by Rachel Wolfson
See full article at Huffington Post

See all posts on AnastasiaDate
See all posts on AsianDate

Summarized by the Courtland Brooks team

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Entrepreneur’s Death Highlights Flaws Of China’s Dating Site Jiayuan.com

Posted on September 13, 2017

Jiayuan logo new Aug 13ECNS – Sep 13 – Su Xiangmao killed himself Thursday in Beijing after receiving repeated threats from his ex-wife, Zhai Xinxin, who was allegedly demanding from him ~$1.5M and properties from their one-month marriage. The couple met on March 30 on jiayuan.com, got married on June 7 and got a divorce on July 18. Su was the founder of WePhone, an international long-distance call app. It is about to stop operation, a pop-up news on the app reads. People are questioning whether the dating site should be somehow liable for the tragedy. The site said it will cooperate in an ongoing investigation by police.

See full article at ECNS

See all posts on Jiayuan.com

Summarized by the Courtland Brooks team

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Gleeden Has 190K Registered Users In India

Posted on September 13, 2017

Gleeden logo 2017NEWSBYTES – Sep 13 – Since the launch of Gleeden, the dating site for married people, it has registered 190K members in India. 75% of these are men and most are in the age group of 34-49. Most members are based in Mumbai, Delhi and Bengaluru. As of 2017, Gleeden is available in six languages and 159 countries.

by Gogona Saikia
See full article at NewsBytes

See all posts on Gleeden

Summarized by the Courtland Brooks team

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LiveXLive Media To Acquire SNAP Interactive

Posted on September 12, 2017

Snapinteractive logoPR NEWSWIRE – Sep 11 – LiveXLive Media, one of the only premium streaming networks devoted to live music and music-related video content, has entered into a merger agreement to acquire SNAP Interactive, a provider of live video social networking and interactive dating apps. LiveXLive will continue to operate SNAP's current slate of apps and will look to leverage its influencer network to drive awareness and new subscribers to SNAP's host of digital services. The purchase price for the acquisition is ~$34M consisting of ~$20.4M in cash and ~$13.6M in shares of LiveXLive common stock.

See full article at PR Newswire

See all posts on Snap Interactive

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

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Paktor To Speak At iDate Conference In London On October 3-4, 2017

Posted on September 12, 2017

Paktor Shn JuayWEBWIRE – Sep 12 – Shn Juay, Head of Operations from Paktor will speak on the Asia dating app market at iDate London. The event is held in London on Oct 3-4, 2017. Registration for the event can be made at http://www.idate2017.com/register-london-2017.php.

See full article at Webwire

See all posts on Paktor

Summarized by the Courtland Brooks team

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17 Media Launches An Office In Japan

Posted on September 12, 2017

M17 Media logoE27.CO – Sep 12 – M17 Entertainment, a merged company between Singapore-based dating platform Paktor and Taiwanese video streaming platform 17 Media, has officially launched an office in Japan. The 17 Media app is currently ranked 11th in the social networking category on Japan's App Store. "Unlike Taiwan, Japan's live-streaming market is still very young with plenty of room for growth. It's the perfect timing for 17 Media to go into Japan now", said M17 Entertainment co-founder and CEO, Joseph Phua. M17 Entertainment claimed it reaches ~30K users live-stream on the platform each day, and globally, it has ~30M users.

by Yon Heong Tung
See full article at E27.co

See all posts on Paktor

Summarized by the Courtland Brooks team

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Matrimony IPO Subscribed 67% On Day 1

Posted on September 12, 2017

Matrimony ipo breakout of sharesINC42.COM – Sep 12 – The IPO will come to a close on Sep 13 and is expected to get listed on the Stock Exchange on Sep 21, 2017. With this IPO, Matrimony is looking to raise $20.3M (INR 130 Cr) against ~3.7M shares at a price band of INR 983 – INR 985. ~$3.1M (INR 20 Cr) from the IPO proceeds will be spent on advertising, business promotion and general corporate purposes, while $469K (INR 3 Cr) will be used to repay overdraft facilities. ~$938K (INR 6 Cr) will go into purchasing land for the construction of offices in Chennai. Following the announcement of its IPO, Matrimony also bagged $35.3M (225.9 Cr) from a group of anchor investors.

by Sukanya Mukherjee
See full article at INC42.com

See all posts on Matrimony.com

This post also appear on InternetDatingInvestments.

Summarized by the Courtland Brooks team

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OKCupid Filters Its Users By Planned Parenthood Support

Posted on September 12, 2017

Okcupid planned parenthoodNEWSBUSTERS – Sep 11 – OKCupid is filtering its users by support for Planned Parenthood, because a "shared cause is sexy" even when it's America's largest abortion provider. OKCupid advertised a "new profile badge" to help users "filter for Planned Parenthood supporters" for a month. To have the badge placed on their profile, daters must declare support of government funding for the abortion giant. Earlier this year, Bumble raised $50K for them. According to Planned Parenthood's most recently published annual report, the organization performed 328,348 abortions and received $554.6M in "government health services grants and reimbursements" for the year 2015 – 2016.

by Katie Yoder
See full article at NewsBusters

See all posts on OkCupid

Summarized by the Courtland Brooks team

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