China's leading Dating Site getting ready for IPO
- Friday, November 26 2010 @ 02:53 pm
- Contributed by: Editor
- Views: 2,400
It has been reported that China's leading dating site, Jiayuan.com, is getting ready to be listed on the Nasdaq Stock Market in the first half of 2011. The dating site has hired Price Waterhouse Coopers to audit and prepare the listing. With the IPO they hope to raise about $100 million in US funds.
Jiayuan.com was launched in 2003 and has had about 25 million people register online so far. The company also claims that they are responsible for 4.5 million people getting married.
Data from iResearch.cn indicates that since 2008, Jiayuan.com market share in China has hovered just under the 50 percent mark. In 2009, revenue for Jiayuan.com was 80 million Yuan ($12 million USD). It is estimated that this year the company will have over 100 million Yuan ($15 million USD) in revenue.
For more on the story, read China Knowledge. To find information on other dating sites for Asian singles, check out our Ethnic Dating category.
Jiayuan.com was launched in 2003 and has had about 25 million people register online so far. The company also claims that they are responsible for 4.5 million people getting married.
Data from iResearch.cn indicates that since 2008, Jiayuan.com market share in China has hovered just under the 50 percent mark. In 2009, revenue for Jiayuan.com was 80 million Yuan ($12 million USD). It is estimated that this year the company will have over 100 million Yuan ($15 million USD) in revenue.
For more on the story, read China Knowledge. To find information on other dating sites for Asian singles, check out our Ethnic Dating category.
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