Category: Jiayuan.com

China’s leading dating site to get listed on Nasdaq

Posted on November 25, 2010

Jiayuan logo new GLOBAL TIMES – Nov 25 – Jiayuan.com, China's leading dating website, is preparing to get listed on the Nasdaq Stock Market. The company is expected to get listed in the first half of 2011 and plans to raise ~$100M. If the deal can be completed, it will become China's first listed dating site. According iresearch.cn, from 2008 to now, the market share of Jiayuan.com has maintained at ~50%. In 2007, the company's revenue was ~10M yuan ($1.5M); in 2009, it reached 80M yuan ($12.03M), and this year, it is expected to exceed 100M yuan.

The full article was originally published at Global Times, but is no longer available.

Mark Brooks: As soon as they list and start issuing quarterly reports, Online Personals Watch will provide summaries of their numbers. You can see links to financials of Spark Networks, Match, etc, on the right bar of OPW.

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Chinese Website Runs Competition To Find Brides For Millionaires

Posted on June 24, 2010

Jiayuan logo new TELEGRAPH.CO.UK – June 23 - The competition, run by jiayuan.com,
has attracted huge attention in China where online dating is becoming
one of the internet's fastest-growing and most competitive industries,
expected to be worth £120m this year. Hopefuls from as far afield as
Vancouver, Singapore, New York and Paris flew in to China last weekend
to join local girls in the first round of auditions which saw an
initial selection of 2,600 successful applicants being assessed on the
basis of their weight, figures, education and age. The latest
competition from Jiayuan.com is also an exercise in shock-marketing
intended to boost online registrations in the fiercely competitive
online dating business, boosted in part by the shortage of girls in
China caused by the one-child policy and the cultural preference for
sons. Although profits are still relatively small, the industry is
predicting it will attract 140m registrations by the end of this year
according to a report by the iResearch internet consultancy. FULL ARTICLE @ TELEGRAPH.CO.UK

Mark Brooks: Baihe and Zhenai are the top two competitors to Jiayuan. Interviews with their Founder/CEOs can be found here for Baihe, and here for Zhenai.

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China Smitten By TV dating

Posted on May 18, 2010

Baihe logo USA TODAY – May 18 – You Are the One and Take Me Out are China's top-rated TV entertainment shows. The programs, which both first aired in January, have generated discussion about money worship among China's younger generation. They also highlight how a perpetual human struggle, finding the right mate, presses harder than ever in the world's most populous nation. The shows' popularity is easy to explain, says Tian Fanjiang, CEO of baihe.com, a matchmaking website. "There are 180M single people in China," Tian says. "They and their parents are all worried about the marriage problem." "The Chinese family is unique in the world, as we have a one-child policy," says Take Me Out producer Liu Lei, "but parents attach great importance to carrying on the family name, so marriage is a big issue." Liu insists that the money-worship of some contestants does not reflect mainstream Chinese society, but she concedes, "Many girls really love rich men." 15 000 women applied for a chance to date a wealthy man at an event May 1 organized by matchmaking website jiayuan.com, says Zhang Guoyu, director of the company's Southwest China branch. In June, 50 of them will meet the men who paid $14,650 for the service. FULL ARTICLE @ USA TODAY

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Chinese Matchmaking Sites

Posted on October 23, 2009

ALIBABA – Oct 22 - A 2008 online survey conducted by the Matchmaking Services Industry Committee, showed that 45.5% of those surveyed have used matchmaking sites, and 32.6% prefer to find a mate on the Internet. The number of Chinese online daters will reach 140M by 2010, creating a market of up to 1.2 billion yuan ($175.8M), according to iResearch. Zhenai.com, China's largest matchmaking site, where rates range from 5,998 yuan ($879) per year, announced that it had 20M registered users. Jiayuan.com, whose rates go from free to 19,800 yuan ($2,912) annually, said that its total registered members topped 21M. FULL ARTICLE @ ALIBABA.COM

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Jiayuan.com Posted CNY 480 Million Ads Online In 08

Posted on January 23, 2009

Jiayuan logo new TRADING MARKETS — Jan 23 – Online matchmaking services provider Jiayuan.com was the top one advertiser in China's Internet advertising market in 2008, according to CR-Nielsen. The Web site totally posted ads of CNY 480 million.

The full article was originally published at Trading Markets, but is no longer available.