Call it the Singles Economy, if you will. The market has grown so huge because its consumers such as Qin Xinyu, 28, a software professional with an internet-based firm in Wuxi, Jiangsu province, are willing to spend big money on singles-oriented products and services. For instance, Qin recently thought nothing of splurging around 20, yuan on a subscription to a wildly popular online dating app called Baihe. Qin thinks he has made a smart investment that will produce commensurate returns. He expects all that money to make him less anxious, more confident, and finally find his soulmate, away from the prying eyes of his parents. I was anxious because my parents would set me up for dates with this girl or that they knew. It was as though the two families, not just the two of us, went on a mass date. Besides, such dates weren’t a scientific way of zeroing in on your soulmate.
Dating Site Zhenai Spurns Offshore Listing for Chinese Suitor
See below Event Details: In a low-barrier to entry, crowded market, Zhenai founded in , in which Match. Such services come at a premium, with Zhenai charging some of the highest rates in the industry: Despite its significant potential, however, the Chinese market faces significantly different risks and challenges from its Western counterparts. Not to mention blood type, where a type A believed to be perfectionists might recoil at the idea of dating an AB type arty, mysterious and unpredictable.
Global Online Dating Services Market – Match, PlentyofFish, OkCupid, Zoosk, eHarmony, JiaYuan, BaiHe, ZheNai. By james. October 4, 0. Online Dating Services. Global Online Dating Services Market During these forecast period, section can still grow steady because of the increasing demand across the world.
Rows of colorful stalls line the walkways, which are crowded with old couples elbowing each other to examine the thousands of offerings. What is interesting about this industry is not only its rapid growth in a conservative society that frowns upon courting more than one person at a time, but also its potential to change the social norms that are part of dating both online and offline.
That is not to say that online dating has changed the values and criteria of Chinese singles completely. On the contrary, the primary players in this space — Jiayuan, Zhenai and Baihe — advertise themselves explicitly as marriage websites focused on helping singles find their future life partner. While the mean age of marriage is rising, marriage is still nearly universal among the Chinese.
Jones at the Asia Research Institute. The traditional emphasis on finding a partner with a similar educational pedigree and economic standing is still followed in the digital world. In addition, for men today to be taken seriously, they must own a car and hold a deed to an apartment. A generation ago, a washing machine and refrigerator would have sufficed. So why have so many singles gone online?
Follow TIME “It’s the accuracy of the photos compared to real thing that’s the biggest problem,” says Power Li, a year-old civil servant. Li says his subscription to online dating site Jiayuan. So the internet offers a much broader circle of people, and many more choices. Power is just one of millions of Chinese people who are turning to online dating as a solution to relationship woes in a society where the social pressure to find a partner can be oppressive.
Chinese parents commonly expect their sons or daughters to be married by the time they’re
The acquisition was completed today through an off-market transaction with Jaina Capital and Jaina Ventures, two investment vehicles controlled by Mr. Following the acquisition, Match now owns Simoncini, who no longer owns, directly or indirectly, any Meetic shares, has resigned from Meetic’s board of directors. Match intends to launch a voluntary simplified public tender offer for all of the outstanding shares of Meetic S.
If a squeeze-out cannot be implemented, Match intends to apply with Euronext Paris for a delisting of the Meetic shares. The public offer will be filed with the French Securities Regulator Autorite des marches financiers in due course. It is the leader in the European online dating market currently established in 15 European countries, and is available in 11 languages. About Match IAC’s Match segment is the global leader in online dating, redefining the way millions of people meet, date and start relationships every day.
The segment consists of 37 brands in more than 25 countries, including Match. Each of the various subscription-based, ad-supported and startup companies within this portfolio caters to the unique, individual preferences and personalities of users around the world. More than 1, , people around the world join these sites every week. IACI is a leading media and internet company comprised of more than brands and products, including Ask.
PAG buys majority stake in Chinese dating service Zhenai
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Thousands of single men and women gather for ‘Love and Marriage’ expo in Shanghai Huge lists published with details of suitors — such as age, height and income Many adults attending event have never had a relationship, parents vet potential partners Millions of Chinese have signed up with Internet dating services It’s called “Shanghai’s 3rd Annual Love and Marriage Expo. More than 18, people preregistered for the weekend event, located rather incongruously in a sprawling shopping complex specializing in home and office furniture.
The crowds were met by billboards posting lists of thousands of single men and women — one list in pink and the other in blue. Within minutes of the doors opening on a rainy Saturday morning, visitors huddled to study the lists and take in vital intel about potential suitors — age, height, education, annual income and their registered hometown, also known as hukou.
Some people took notes, while others snapped photos of single entries with their cellphones. In one hall more than a hundred men and women in their twenties and thirties sat facing each other at tables decorated with red and yellow tablecloths, the soothing tones of a Norah Jones love song spilling out from loudspeakers.
When singles mingle, cash registers jingle
However, with the development of Internet, the online dating services have become the most popular way in the search for Mr. Here is the pick of the 6 dating sites in China to meet a new partner. It is a multi-lingual website consisting of English, French, German, Japanese, simplified Chinese and traditional Chinese.
According to a survey (link in Chinese) conducted in March by China’s largest dating website of 1, single women, 90% said they prefer the boy-next-door type, someone who is caring.
Andrey Andreev, Whitney Wolfe Investors: Kunlun Revenue Model It is very important to have a revenue model for the website to function smoothly and to cater to the end motive of the owner. If the membership of the dating website is free then the owner can choose among the below-mentioned models to earn maximum profits along with customer satisfaction. Though the paid membership model adds up the revenue, but may not garner huge traffic on the website.
This model gives a boost to a number of users but does not bring automatic revenue. Most advertisers and dating sites prefer the CPA Cost per action. To yield more revenue from this model and to increase the odds of success, display ads relevant to dating such as florist, candy store etc.
No membership sex – camping dating website
Overseas venture capital show great interests in China online dating market During to , 16 Chinese friend-making and online dating websites have raised capital amounted 93 million USD according to information disclosed, we believe the actual investment is more than that. Major online dating companies in China like jiayuan, baihe, zhenai, marry5, yeeyoo, ipart have finished round B capital raising. Summary of the venture capital investments on China online dating market from to Noticeably, major online dating websites like jiayuan, zhenai, baihe, marry5, ipart etc are actively planning for overseas IPO.
User-friendly website website usability, user stickness and user experience Apart from zhenai.
SHANGHAI (Reuters) – , one of China’s largest matchmaking websites, has found itself an unlikely suitor in drone manufacturer DEA General Aviation that said on Wednesday it wants to buy the popular dating website to expand its business.
It has not just changed entire villages and family constructions; it has also reshaped the landscape of dating and marriage. Millions of Chinese women and men go online every day in hopes of finding their Mr. In China, online dating is serious business for many. In a country of 1. Iphone and Android dating apps such as Momo or Tantan comparable to Tinder have become increasingly popular. This makes it possible for members to look for a partner who lives in the same neighbourhood, or goes to the same karaoke bar.
These apps, that generate revenue through paid membership or advertising, are not only serious business for their creators.
Online Dating Site in China
Shijijiayuan has raised million RMB venture capital, and it is planning to get their company listed in Nasdaq within 3 years. Shijijiayuan is aggresive in online marketing, they spent more money on online advertising, than any companies in China. Song Li and Avi Xiong in January , acquired zhenai. Most of its members are university-educated and urban professionals.
Bridger Capital the U.
Sep 14, · IAC -owned this morning announced that it has acquired a 20% interest in Zhenai, a provider of “online matchmaking services” in China, for an .
Well, la di friggin da! First, you have to become a member. Sure, what do I have to do? Luckily for us, there are numerous links to various membership benefits pages. So, uh, I am supposed to pay upwards of ten grand for undefined benefits? However, then I see that you will definitely receive the perk of attending a launch party at the Opera Gallery. And you will be required to wear a lace mask.
How Chinese People See Money and Dating
Back in June while I was reporting from Shanghai , we spent a rainy Saturday afternoon at the local marriage market. Literally a place where parents go to advertise the availability of their grown, yet unmarried, children. It was kind of amazing to see, but not at all uncommon over there. Given the changes China’s going through, though, this next step was entirely predictable: The rise of online dating. On a popular Chinese dating show last year, a male contestant invited an attractive young female contestant for a ride on his bicycle.
In this report, the Global Online Dating Services market is valued at USD XX million in and is expected to reach USD XX million by the end of , growing at a .
He was one of the most active and participatory speakers and delegates of any iDate I’ve ever been to. He asked lots of questions, and shared lots of insights and opinions. I last interviewed Dr Song Li in see interview , so its time for an update. I understand you provide matchmaking over the phone? Zhenai has been doing well. We expanded our service model based on online-to-call center matchmaking service into an online dating service with the help of our strategic partner Match.
What service levels does Zhenai offer? This is similar to the service provided by Match. For a wide range of subscription prices depending on the level of customization, but generally more expensive than Zhenai Online-to-Offline Matchmaking. With matchmakers providing face-to-face matchmaking services, This service is only available in the largest and most affluent cities in China. Have you thought about expanding to the Chinese diaspora?