Jiayuan.com

Jiayuan.com Now Has 90 Million Members

Jiayuan.com
  • Thursday, July 18 2013 @ 04:15 pm
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China's largest dating site, Jiayuan.com, announced last week that they had reached 90 million members around 7pm on July 7, 2013. It took them only 6 months to signup 10 million more members (in January of 2013 they had 80 million members).

Jiayuan.com is also the only Chinese dating site company that is trading on the NASDAQ. Their IPO happened on May, 2011 and the company has since doubled in worth.

For more information on this milestone of Jiayuan you can check out the press release.

In China’s Difficult Dating Scene, Women Get Pickier

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  • Monday, July 16 2012 @ 08:31 am
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The pressure's on for singles in Shanghai. The Chinese capital's fertility rate has dropped to just 0.79 children per woman, and now the city is desperate to encourage more young people to meet, marry, and raise a family.

The center of the city's dating scene is Shanghai Expo Park, where thousands of eligible young men and women gather in hopes of meeting their matches. 38,000 singles and parents attended a June 1st matchmaking event in the park, hoping to revive a marriage rate that is expected to fall 17% this year.

Shanghai is China's richest city, largest port, and a leading financial center in the country. It is also the center of waves of social changes that are sweeping the nation. An urban shift is shrinking the pool of factory workers who sustain economic growth in the country, while the ranks of the elderly - who increase healthcare and pension costs - are on the rise. City-dwelling citizens with higher education levels and a greater focus on their careers are marrying later and having fewer children, causing the Shanghai birth rate to drop to half the national level.

These shifts have caused major changes for Chinese women, who have become a larger, and increasingly educated, percentage of the population. "In the past, women were match-made by their parents," says Juemin Zhou, director of the Shanghai Matchmaking Trade Association. "Then, it didn't matter how old you were, or if your partner was blind in one eye, you still had to get married. Now, if you don't find someone suitable, you just don't settle."

Gong Haiyan, co-chief executive officer of Jiayuan.com, China's largest online dating agency, reports that women's expectations of potential partners - like owning a house - have now skyrocketed. "The first thing they look for," said Hansen Huang, a male attendee at the matchmaking fair, "is if you have a decent job, what is your salary like, if you have an apartment. Women are looking for a partner who can provide so they can live relatively comfortably."

In spite of these shifts, many Chinese citizens remain traditional. A young bride is still considered ideal, and women who wait too long to settle down many be considered "leftovers." "Women can be very picky when they're young," said Huang. "But if you don't sell when it commands the highest value, you may miss the golden opportunity."

The pressure to wed may be high, but Shanghai is doing its best to respond: about 2,000 couples were successfully matched at last year's event, a figure that bodes well for this year's fair.

Jiayuan.com is Growing Quickly

Jiayuan.com
  • Thursday, September 08 2011 @ 10:58 am
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  • Views: 1,805

China's leading dating site, Jiayuan.com has roughly a million users a month now who pay for the privilege to exchange messages with other members. The messages can be paid for by either the sender or the receiver. Their second quarter earnings this year almost doubled to $12.9 million when compared to the same quarter last year. Jiayuan listed on the Nasdaq back in May and since then their stock price has jumped 21 percent (as of last Friday). This is very good especially when you compare it to other Nasdaq listed Internet companies from China (most have fallen).

Jiayuan never relied heavily on advertising on their site as a source of income. In 2008 advertising made up only 15 percent of their revenue. Online advertising is a very competitive market with slim margins and for this reason at the start of this year Jiayuan decided to drop advertising from their dating site completely. Supporting a sales staff and the way it affected the user experience just did not make it profitable. Paid messaging now accounts for 80 percent of their revenue with the other 20 percent generated from in-person events and a premium service members can use to hire a human matchmaker.

For more on the story you can read the WSJ.

Jiayuan.com IPO Falls 4% in First Day of Trading

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  • Friday, May 13 2011 @ 03:33 pm
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  • Views: 1,858

Last month Jiayuan.com applied to list on the Nasdaq. Well, on May 11th Jiayuan.com (China's largest dating site) opened for trading under the symbol DATE at $11 per share. At one point it reached $11.62 a share but by end of trading it had fallen 4.4 percent to close at $10.52 per share. As of writing this post one share of the company is worth $10.68 US dollars.

From the IPO Jiayaun said they raised $78.1 million from 7.1 million American depositary shares.

For more on this story you can read .

China's leading Dating Site getting ready for IPO

Jiayuan.com
  • Friday, November 26 2010 @ 02:53 pm
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  • Views: 2,486
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.

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