PR NEWSWIRE – Aug 20 – Q2 revenue was $29M, up 23% YOY. Operating income was $1.4M, 12% increase YOY. The number of average monthly paying user was 1,487,681, compared with 1,542,062 in Q2 2014. Online services contributed $18.2M, or 62.8% of net revenues.
Category: Jiayuan.com
Jiayuan Committed To Buyout
FORBES – July 13 - Jiayuan is still committed to the privatization process that could end with its departure from New York and re-listing of its shares in its home China market. The reason is that investors are far more likely to get excited about a stock when they’re familiar with its name and business model, giving it a better valuation than it would get from less familiar buyers in overseas markets. That's why most companies choose to make their primary listings in their home stock markets.
Jiayuan.com Received A New Proposal From Vast Profit
PR NEWSWIRE – June 8 - Jiayuan.com received a new letter from Vast Profit Holdings Limited that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares for $4.80. Vast Profit previously offered $3.58 per share.
Jiayuan Q1 2015 Financial Results – Revenue Up 26%
PR NEWSWIRE – June 8 – Net revenues were $27.3M, up 26% YOY due to a rapid expansion of personalized matchmaking services . Net loss was $1.6M, a YOY improvement of 27%. Jiayuan's personalized matchmaking business continued its growth, increasing 179% YOY to $10M.
Chinese Face Recognition Startup Face++ Raised $25M
TECHINASIA – May 14 – Face++, a face recognition tech startup from Beijing, raised an additional $25M as part of its series B round. This brings the company’s series B to $47M. Face++ makes a cloud-based API and an SDK so developers can incorporate face recognition into their own apps. The technology is being used by ~30K developers and several large firms including Jiayuan. Users could upload a photo of someone they thought was beautiful, and Jiayuan would use Face++ to find a match on the site with a similar face.
by Paul Bischoff
The full article was originally published at TechInAsia, but is no longer available.
Jiayuan: The Market Expects A Higher Take-Private Offer
SEEKING ALPHA – Apr 21 - Jiayuan shares recently closed above Vast Profit's offer of $5.37 per share to $5.51. A big reason for the rally is activist shareholder Heng Ren's proposal for a higher acquisition price. Vast Profit proposed the deal on March 3. They will likely have to raise its price beyond $6 to get the deal done.
See full article at Seeking Alpha
This post also appears on InternetDatingInvestments.
Double The Buyout Offer For Jiayuan.com, Suggest Heng Ren Investments
STREET INSIDER – Apr 8 – An offer to buy out shareholders of Jiayuan.com undervalues the company and should be raised by 119%, according to Heng Ren Investments LP. "The offer comes with Jiayuan.com’s stock depressed near a 52-week low after a difficult 2014. After Jiayuan.com's IPO four years ago at $11.00 per share, Vast Profit is offering to buy the company back at $5.37 per share – a 51% discount. In its appraisal value of Jiayuan.com, Heng Ren, determined the company’s stock is worth $11.74 per share. U.S.-based shareholders, who are being pushed to sell at a low price by Vast Profit, will reap no profit from this migration. Heng Ren believes current shareholders need to be fairly compensated by Vast Profit with a higher offer price.
The full article was originally published at Street Insider, but is no longer available.
This post also appears on InternetDatingInvestments.
Jiayuan.com Establishes Special Committee To Evaluate “Going Private” Proposal
PR NEWSWIRE – Mar 16 - Jiayuan.com International, operator of the largest dating site in China, has established a special committee to consider the non-binding proposal letter from Vast Profit Holdings Limited that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the Company not already owned by Vast Profit. The Special Committee is composed of the following independent directors who are not affiliated with Vast Profit. Mr. Jianzhang Liang resigned from his position as a director of the company.
See full article at PR Newswire
This post also appears on InternetDatingInvestments.
Jiayuan Trying New Strategies To Boost Its Popularity
WANT CHINA TIMES – Mar 13 – "We are now shifting toward mobile with our re-launched app designed to further support user-growth, especially among younger users, said Wu Linguang, CEO of Jiayuan International. Jiayuan.com is also launching an online-to-offline (O2O) business model to extend Jiayuan's services beyond matchmaking and into building relationships. The company will unveil "smart bracelet sets" that allow couples to exchange real-time information and offer classes to help people improve their relationships.
The full article was originally published at Want China Times, but is no longer available.
Jiayuan’s Q4 2014 Financial Results – Revenue Up 30%, Net Income $3.1M
PR NEWSWIRE – Mar 5 – Jiayuan's Q4 revenue was RMB172.8M ($27.9M), a YOY increase of 29.9%. Q4 net income was RMB19.2M ($3.1M), compared to RMB25M in Q4 2013. Net revenues for full year 2014 were $99M, a year-over-year increase of 24.6%. Net income for full year 2014 was $3.2M. Online services contributed 61% of net revenues. Personalized matchmaking services contributed 34.7% of net revenues, events and others 4.3%.
See full article at MarketWatch
Mark Brooks: Let me just repeat that number. 35% of net revenues are from Matchmaking. Now you know why Match bought 20% of Zhenai and then picked up Three Day Rule. They're experimenting with reaching the well-heeled and motivated with Three Day Rule. At the other end of the market they've captivated the easily distracted entry-level daters with Tinder. Do you feel the wagons circling?