THE NEXT WEB – Oct 27 – China's national policies, economic reform, and urban migration have created challenges for the country's one billion residents when it comes to relationships. Chinese Internet companies are developing online dating sites designed to meet the specific issues men and women face here. One company is Jiayuan with nearly 70 million members. Momo, a Chinese iPhone social networking app has grown to 16 million members and raised $40m in funding with a $100m valuation.
Category: Jiayuan.com
Top 10 Matchmaking Sites In China
CHINA.ORG.CN – Oct 25 –
10. Hongniang.com – 2M users
9. LS53 – 2.14M
8. 21xiehou - 3.7M
7. LOL99 - 4.3M (a leading high-end matchmaking service agency)
6. Marry5 - 10M (focuses on white-collar workers aged between 25-45 years old)
5. Juedui100 - 13M (operated by psychological experts)
4. 0019.com - 30M (serious matchmaking)
3. Zhenai - 40M (It features online staff service with more than 2,000 matchmakers facilitating matches via phone)
2. Baihe - 42M (Users must answer a 30-minute love-related psychological test, then Baihe recommends matches according to the test results)
1. Jiayuan - 68M (online dating and various real-life blind-dating activities, public since May 2011)
by Lin Liyao
See full article at China.org.cn
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China’s Professional Women Bucking Tradition
BUSINESSWEEK – Aug 25 – Most younger women in China will still marry, but a growing number are choosing to focus on education and career over finding a mate. It is estimated that 7% of college-educated women in Shanghai remain single at age 45. Chinese women employed by multinational companies frequently work more than 70 hours a week. In March, China's top online dating portal, Jiayuan.com, released a report titled Confessions of a Leftover Lady. The survey confirmed the belief among Chinese women born in the 1970s and '80s that the more education they have and the higher their salaries, the harder the task of finding a husband.
by Christina Larson
The full article was originally published at SF Gate, but is no longer available.
Jiayuan Announces Q2 2012 Financial Results
ITNEWS ONLINE – Aug 16 – Net revenues for the Q2 2012 were RMB99.4M ($15.6M), a YOY increase of 19.2%. Operating income was RMB18.5M ($2.9M), an increase of 202.8% The number of registered user accounts was 67M, with~5.1M new users acquired during the quarter. The number of average monthly paying user accounts was 1,222,880, compared to 1,139,171 in Q2 '11.
Chinese Dating Sites Lack Supervision
PEOPLE'S DAILY ONLINE – Aug 10 – With the rapid development of dating sites, scammers also began to transfer their attention to these sites. Due to the deficient identity authentication system, fraudulent behaviors such as coaxing people to spend money on wine and meals and even swindling money through sham marriages were seen on some dating sites including jiayuan.com, baihe.com and zhenai.com. According to a survey, ~50% of interviewees believe that dating sites have turned into a hotbed for cheaters to defraud money in various ways. It takes 30 seconds to register a member on jiayuan.com with fake personal information. A professor of social sciences from the Zhengzhou University said, "It is necessary that the real-name registration should be carried out in this area."
See full article at People's Daily Online
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Jiayuan COO Stepping Down
PR NEWSWIRE – July 2 – Jiayuan.com's COO Mr. Qingyuan Fang, has resigned for personal reasons, effective July 1, 2012. Mr. Fang's responsibilities will be assumed by Ms. Rose Gong, the founder and co-CEO of Jiayuan, and Mr. Linguang Wu, co-CEO of Jiayuan.
The full article was originally published at MarketWatch, but is no longer available.
Jiayuan Launches TMall Online Store
PR NEWSWIRE – June 27 – Jiayuan.com International, operator of the largest online dating site in China, has launched an online store on TMall.com ("TMall"), one of China's most popular B2C online retail platforms. The TMall store will sell Jiayuan's "virtual stamp" products as well as subscription packages.
Jiayuan: First Quarter 2012 Financial Results
PR NEWSWIRE – May 23 – Jiayuan.com, operator of the largest online dating platform in China, announced its Q1 '12 financial results. Net revenues for the first quarter 2012 were RMB 87.4M ($13.9M), a YOY increase of 27.8%. Operating income was $622K. The number of registered users was over 62M, with 6.7M new users acquired during the quarter. The number of average monthly paying users 1.2M, compared to 882,471 in 2011.
The full article was originally published at MarketWatch, but is no longer available.
Jiayuan 2011 Financial Results: 98% YOY Revenue Increase
PR NEWSWIRE – Mar 6 – Jiayuan International, operator of the largest online dating platform in China, has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011. Net revenues for the Q4 '11 were RMB88.6M ($14.1M), representing a YOY increase of 53.6%. Operating loss was RMB4.3M ($690K). Net revenues for full year 2011 were RMB331.2M ($52.6M), a YOY increase of 97.7%. Operating income was RMB39.8M ($6.3M), a YOY increase of 66.2%.
The full article was originally published at MarketWatch, but is no longer available.
Jiayuan.com Flirting With Disaster
THE STREET – Jan 6 – Jiayuan.com is a very popular dating site in China. However, like most of the Chinese Internet space, the shares have been pummeled recently, falling by more than 70% from 2011 highs. RenRen, which many investors felt would bottom out at $5.00, now trades at just over $3.00. On Dec. 21, Jiayuan hit an all-time low of $5.50, prompting management to announce a share buyback program of up to $10M. The share price immediately jumped as much as 20% to over $6.50. However, the initial enthusiasm has proven to be short lived and the share price has drifted back down to the $5 to $6 range once again.