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.
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