PR NEWSWIRE – June 5 – Q1 net revenue was RMB111.5M ($18.0M), a YOY increase of 27.6%. Operating income was RMB9.4M ($1.5M), with an YOY increase of 139.1%. The number of average monthly active user accounts was 5,188,638, compared to 5,434,692 in Q1 '12 and 5,123,265 for the previous quarter. The number of average monthly paying user accounts was 1,279,063, compared to 1,171,031 in Q1 '12.
Category: Jiayuan.com
Jiayuan Announces Q4 ’12 And Full Year 2012 Financial Results
PR NEWSWIRE – Feb 27 – Q4 2012 Net revenues were RMB110.5M (US$17.7M), a YOY increase of 24.8%. Operating income was RMB12.7M ($2.0M), compared to operating loss of RMB4.3M in 2011. Net revenues for full year 2012 were RMB410.8M ($65.9Mn), a YOY increase of 24.0%. Operating income for full year 2012 was RMB51.8M ($8.3M), a YOY increase of 30.1%. The number of average monthly paying user accounts was 1,2M in Q4. Average monthly revenue per paying user (“ARPU“) for online services was RMB26.5 in Q4, compared to RMB21.5 Q4 '11.
The full article was originally published at Daily Market, but is no longer available.
Chinese People’s Views On Love And Marriage I n 2012
WOMEN OF CHINA – The recent 2012-2013 Survey Report on Chinese People's Love and Marriage Values jointly issued by the National Population and Family Planning Commission and dating website Jiayuan.com shows that China's population of single people of marriageable age is growing. Unmarried people 18+ account for 18.6% (249 million) of the total population. The male to female sex ratio imbalance is severe, at 26.7 males to 24.9 females. Unmarried men outnumber women by 23M among the three generations. Late marriages have become a social trend. The divorce rate is growing faster than the marriage rate. It was estimated that in 2012, the marriage rate was 10% and the divorce rate was 2.29%. 70% of women prefer men who are ~10 years older.
by Geng Xujing
See full article at Women of China
Jiayuan.com Acquires Its Aging Rival
MORNINGWHISTLE – Feb 19 – Jiayuan.com has bought competitor juedui100.com. Juedui100.com, established in 2005 has in the past reported ~8M registered users. However, it has suffered from business difficulties so that by the end of 2010, no more than 20 employees were still employed. Experts seem to not be very optimistic about the acquisition. The acquisition will not effectively increase the number of validated users for jiayuan.com. Jiayuan.com should focus on the growing market such as the development of mobile clients instead of acquiring an aging rival. At present, the Chinese online dating market is divided by three giants – jiayuan.com, baihe.com and zhenai.com.
The full article was originally published at Morning Whistle, but is no longer available.
This post also appears on InternetDatingInvestments.
Trends In 21st Century China
KNOWLEDGE WHARTON – Jan 2 – Chinese online dating has taken off and is expected to break two billion RMB ($318M) in total annual revenue by 2014, according to a recent report by Analysys International. China's One-child Policy, rapid urbanization, and the widening gender imbalance have all played major roles in increasing the online-matchmaking market size. The primary players in this space — Jiayuan, Zhenai and Baihe — advertise themselves explicitly as marriage websites. Zhenai, a subscription-based dating service, has ~30M users. Despite the impressive size of its user base, Zhenai is maintaining a 40% annual growth rate. Jiayuan's growth is even more staggering. Established in 2003, it acquired 63M subscribers by 2012. Earning more than 44% of the Chinese online dating sector's revenue, the NASDAQ-listed Jiayuan is the only one to have gone public. Despite their impressive growth they face two major business challenges. First, the online dating service industry in China is fragmented. The second challenge is building trust with users.
See full article at Knowledge Wharton
See all posts on Jiayuan.com
See all posts on Zhenai
See all posts on Baihe
Online Matchmaking Flourishes In China
CHINA DAILY – Jan 2 – China's young singles under pressure from parents and family to get married are increasingly turning to dating sites. There are 249M unmarried Chinese 18+, and men are more anxious than women to get into dating, relationship and marriage. Among the unmarried population in the post-1970s, post-1980s and post-1990s, there are 23.15M more males than females. The imbalance between men and women is obvious and the ratio among the post-1970s population is about 2 men for every woman. NetEase unveiled its free dating site Huatian in November. Jiayuan has ~73M members and every day, ~7K change their status to "in a relationship" or "married".
Jiayuan Announces Share Repurchase Program
PR NEWSWIRE – Dec 21 – Jiayuan.com, operator of the largest online dating site in China, has approved a new $10M share repurchase program. The program permits the company to purchase up to $10M of its American Depositary Shares, or ADSs, over a period of twelve months.
The full article was originally published at Equities, but is no longer available.
Jiayuan Announces Third Quarter 2012 Financial Results
PR NEWSWIRE – Nov 20 – Net revenues for Q3 were $18.1M, a YOY increase of 24.8%. Net income was $2.5M, down 35.9%. "During the quarter, we were encouraged to see our efforts begin to pay off as Jiayuan's Android and iOS apps helped drive incremental revenue from mobile users," said Mr. Linguang Wu, co-CEO of Jiayuan. "Our segmentation strategy is another step forward in improving user experience by catering to the specific needs." Jiayuan has launched izhenxin.com, a new dating site for marriage-minded singles.
The full article was originally published at SacBee, but is no longer available.
Dubai Blocks iDating, But Lets People Discovery Sites Off The Hook
OPW – Nov 3 – Irena and I
were in Dubai for a few days so we thought we'd see which dating sites
were blocked and which made it past government filtering. Specifically
any 'Internet Content that contradicts the ethics and morals of the UAE
including Nudity and Dating' get blocked. iDating doesn't fit the
religion and culture of UAE. Matrimonials sites, on the other hand, are
ok.
Match, Plentyoffish and OKCupid were blocked. I thought
World Singles Arablounge.com might make the cut, but no. It was
blocked. China dating sites Zhenai, Baihe and Jiayuan were all blocked
as well. We got through to Facebook and thought we'd have more luck
with people discovery services. Badoo was blocked but Tagged and Meetme
were ok. Matrimonials sites made the cut. Shaadi, Bharat Matrimony
and Jeevansathi were all available in Dubai. We were especially pleased
that Online Personals Watch and Social Networking Watch were available
as well. Of course, as soon as I fired up my VPN I could get to
everything. Dubai Internet City also enjoys open access and alternative
ISP Du is more lenient than Etisalat. [Full Disclosure: POF and Meetme
are clients of Courtland Brooks]
Jiayuan Launches Izhenxin.com For Marriage-minded Singles
PR NEWSWIRE – Oct 30 – Chinese dating company Jiayuan has launched a new site designed specifically for marriage-minded singles. Izhenxin.com builds upon Jiayuan's proven platform with enhanced verification of personal information and user behavior analysis. According to Wu Linguang, co-CEO of Jiayuan, "A growing number of Chinese singles place a premium on simplicity and verified personal information.”
The full article was originally published at SacBee, but is no longer available.