PR NEWSWIRE – Feb 27 – Q4 net revenues were RMB133.1M ($22M), a YOY increase of 20.4%. Operating income was $2.9M, a YOY increase of 40.2%. The number of average monthly active user accounts was 4.9M compared to 5.1M in Q4 2012. The number of average monthly paying user accounts was 1.4M, compared to 1.2M in Q4 2012.
Category: Jiayuan.com
Asian Dating Sites Work Harder On User Verification
QZ.COM – Jan 17 – While American dating sites have taken a laissez faire approach to lying, Asian dating sites have implemented serious measures to keep users honest. Jiayuan.com lets users provide ID cards to back up their claims. KoreanCupid.com requires users to submit a copy of a national registration form, diplomas, and proof of employment, which the site uses to verify age, marital history, parents’ marital status, education, and type of job.
Jiayuan.com Surpasses 100 Million Registered Users
PR NEWSWIRE – Jan 14 – Jiayuan.com, the largest Chinese dating site, claims 100M registered users. According to iResearch, Jiayuan.com accounted for 57% of user time spent on online dating sites in China, more than five times that of the next closest competitor.
The full article was originally published at WSJ, but is no longer available.
Jiayuan: Startup Story Video
BBC.CO.UK – Nov 22 – Rose Gong is China's number one matchmaker. After being disappointed by her own online search for love in 2003, she started Jiayuan. The site now employs hundreds of people and is listed on the Nasdaq stock exchange. Ms Gong has now launched another business, 91Waijiao, which aims to connect English language teachers through the internet to students in China.
Jiayuan Q3 Financial Results, Revenue Up 13%
PR NEWSWIRE – Nov 20 – Q3 Revenue was $21M, up 13% YOY. Net income was $17.6M, up 10.7% YOY. The number of average monthly paying users is up 7.6% to 1,368,726. Online services contributed $17.7M, personalized matchmaking services and events contributed $3.2M.
Jiayuan.com: Strong Balance Sheet But Needing To Reduce User Churn
SEEKING ALPHA – Sep 19 – Shares of Jiayuan.com are up 22% in 2013, but still down 39% from the IPO price in May 2011. Jiayuan is the largest (90M registered users) dating sites in China, and is in excellent financial shape with no long-term debt and $83M in cash and investments. #2 dating site is Zhenai.com with 58M users and Baihe.com is #3 with 40M users. 120 boys are born for every 100 girls in China. Single men often are poorer villagers who have moved to cities for work. Males greatly outnumber females in the villages. On the other hand, it is easy for rural females to find husbands due to the gender imbalance. The online dating market in China was expected to reach $328M by 2014, doubling its 2011 value. Jiayuan's primary source of revenue is subscription. Events and VIP services account for 11% of the revenue.
See full article at Seeking Alpha
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Gong Haiyan: China’s Number One Matchmaker
BBC – Sep 11 – Gong Haiyan, the self-made millionaire, was born in a village in Hunan Province where everyday life was a struggle. She won a place at Peking University, then moved to Fudan University in Shanghai for her Masters. Her love-life, however, was non-existent. So Gong paid 500 RMB to register with a dating site. But she got no replies and discovered the company had stolen profiles. "I felt very angry," she says, "so I asked a friend of mine how much it costs to set up my own dating service." Like Facebook, Gong's website was set up from her college dorm. Ten years on Jiayuan.com, which means beautiful destiny, has ~100M users and offices in several Chinese cities. Her company went public In May 2011.
Jiayuan Q2 2013 Financial Results
PR NEWSWIRE – Aug 21 – Q2 net revenues were RMB119.3M ($19.4M), a YOY increase of 20.0%. Net income was 13.1M ($2.1M), a decrease of 36.4% YOY. "Our mobile product and personalized matchmaking offers continued to grow in popularity," said Mr. Linguang Wu, CEO of Jiayuan. Mr. Wu added, "In the second half of this year, we expect to introduce new mobile products addressing the specific needs and spending patterns of our rapidly growing mobile user base." The number of average monthly paying users was 1,326,370, compared to 1,222,880 for the corresponding period of 2012.
The full article was originally published at PR Newswire, but is no longer available.
Jiayuan Attracts Giants Tencent And Alibaba
TRADING FLOOR – July 18 -The rumours are that Jiayuan is being eyed up for acquisition by both Tencent and the soon-to-IPO Alibaba. Jiayuan’s current market cap is $150M. Considering Alibaba had profits of $669M in Q1 2013, snapping up Jiayuan would hardly be noticeable. Tencent is in an equally strong financial position so a 20% increase might be warranted. A trend in China is for some listed companies to snap up smaller businesses in front of the nose of PE firms by offering much higher multiples than these investors are willing to do.
Jiayuan.com Surpasses 90M Registered User Accounts
PRESS RELEASE – June 8 – Jiayuan, the largest online dating site in China, reached the 90M registered users milestone. "This success is partly driven by the growing popularity of Jiayuan's leading mobile offering," said Mr. Linguang Wu, CEO of Jiayuan.