SCMP – May 18 – In November, Li Song sold a controlling stake in his online matchmaking business, Zhenai.com, to PAG Asia Capital, and now he's looking forward to his next big thing. Zhenai, which translates as "true love", was his second venture after MeMeStar, a short message-based chat forum that was sold to the Chinese web portal Sina. Li founded Zhenai in 2005, but it wasn't until 2008 that it started to take off. He attributes the success that followed to the rapid adoption of smartphones. Zhenai.com has ~120M registered users, and new users join the dating platform at a rate of ~50k a day. Li is now a minority shareholder and will remain on the board. He's also taking an online fintech course offered by Oxford University, and when that finishes, plans to start new business related to two key emerging technologies – artificial intelligence and blockchain. He's confident that we will see apps on decentralised platforms in the future.
by Kate Whitehead
See full article at SCMP