BENZINGA – Milian is an online matchmaking company targeting young Chinese users, preparing for a Hong Kong IPO. It reported 74% revenue growth last year, with profits tripling. The company stands out by using human matchmakers instead of AI, employing thousands of facilitators to guide conversations and support users through the dating process. This sets it apart from platforms like Tinder and Momo, which rely on algorithms.
BAMBOO WORKS – Chinese company Milian Technology has filed for an IPO, driven by its app Yidui, which uses live three-way video chats where a paid host helps two users interact and keep conversations going. The platform relies on hosts as matchmakers and generates revenue mainly from virtual gifts and in-app interactions (98.8%), not subscriptions. In China, the online dating and social market reached 22.6B yuan ($3.1B) in 2024 with ~280M users by mid-2025. Milian reported 4.12B yuan ($570M) in revenue (+74% YoY) and 519M yuan (~$72M) in profit, with Yidui contributing 81.7% of revenue. The app had 4.8M monthly active users.
36KR – China’s online dating industry is expanding rapidly, driven by ~300M single adults and a market worth over one billion yuan. Milian Technology, operator of dating apps Yidui and Tietie, has filed for a Hong Kong IPO after building a user base of ~10M through a “human matchmaker + live streaming” model that targets users outside major cities. Its approach replaces swipe-based matching with guided video sessions moderated by professional matchmakers, monetized through digital gifts and premium features.
See full article at 36Kr
GLOBE NEWSWIRE – June 26 – Yidui, the video matchmaking platform in China, has completed a Series B round of financing led by Sky9 Capital and Xiaomi. Launched in 2018, the company has ~40M users and has raised $100M to date. Yidui provides an innovative dating experience, where the date is moderated by a third person – a "matchmaker" – who facilitates the conversation. The date is live-streamed and the audience can comment and live-chat with the matchmaker. Yidui's 10M matchmakers arrange 40M dates a month. Sky9 Capital is an early-stage focused venture capital firm investing in internet, enterprise and deep-tech sectors in China.
See full article at Globe Newswire
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SCMP.COM – May 1 – The nine largest dating apps by China iOS app store ranking are Yidui, Tantan, Momo, Soul, Yimu, Zhenai, Hezi, Blued and Rela. ~622M people used dating apps in China last year, and the market is set to hit $290M in revenues by 2024, according to Statista.com.
DEAL STREET ASIA – Sep 9 – Video dating app Yidui has raised $10M in Series A+ round from XVC. The dating app is operated by Beijing Milian Technology & Trade. It has closed Series A round funding from BlueRun Ventures. Milian Technology, which launched the dating app in 2018, claims to have 10K+ active profiles currently. By the end of 2019, Milian Technology is targeting to cross 1B yuan ($142M) turnover mark.
See full article at Deal Street Asia
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