Japan

Omiai Dating App Homepage

One of Japan’s leading dating apps Omiai reported that it had been hacked, exposing the personal data of over 1.7 million of its users in one of the country’s most high-profile security breaches.

According to Bloomberg, some of the data leaked was especially sensitive, including photo IDs from driver’s licenses, insurance cards and passports that are used to verify users’ ages. Credit card data was not exposed, according to the company, but it’s unclear how many accounts were accessed.

The app’s developer Net Marketing Co said that after discovering the breach, it blocked the hacker’s IP address and implemented a number of other security procedures to safeguard user data, according to Gizmodo. Still, Japanese markets responded unfavorably to the news with the company’s stock falling 19 percent. Since Net Marketing Co went public in 2017, this has been the biggest drop in share price for the $70 million company. 

Tinder has announced a partnership with language learning platform Duolingo to offer lessons to its users and bridge the language barrier gap for long-distance dates.

The Match Group dating app has offered to give 100,000 users a free month of Duolingo Plus, an online service which offers lessons in multiple languages. According to Tinder, 76 percent of its users who wanted to match with people from other countries found that they were matching with dates who spoke languages other than their own, a barrier to connection. Tinder saw an opportunity to help them with Duolingo.

Match Group is expanding its portfolio with the acquisition of Hyperconnect, a popular South Korean social media company. Match Group purchased the company for $1.7 billion in stock and cash, according to an announcement made by the companies.

Match Group CFO Gary Swindler said in an interview with CNBC that the move to acquire Hyperconnect positions Match Group for further growth, as social discovery apps are a new way for people to connect beyond dating apps. Virtual connections have been in increasing demand since the start of the pandemic, with people isolated in their homes and feeling disconnected. Social discovery apps have been hugely popular and are expected to grow at a faster rate than dating apps, particularly in Asian markets, according to Swindler. 

Match Group shared its fourth quarter earnings this week, offering investors some cautious optimism on what to expect in 2021. 

Last year the company saw record highs in new users and activity, but faced with economic recessions and a global pandemic, revenue growth remained uncertain. The company delivered slightly better than expected results for the last quarter of 2020, with revenue of $651.4 million for the quarter, up from $547.2 million. Analysts had been projecting $649 million according to Market Watch. Match Group also reported net income of $140.6 million, up from $94.7 million this time last year. 

Singles in Japan have the government on their side when it comes to finding a mate. The country’s Cabinet Office is asking for budget approval for a new dating service that is driven by artificial intelligence.

According to CNet, Japan currently has government-run matchmaking, so it’s not a new idea. About 25 of Japan’s 47 prefectures offer state-run services similar to an online dating app, where people complete basic profile information and are given a list of people who match their criteria. However, introducing AI could change the game with more targeted matchmaking abilities.

Now that COVID-19 has created a surge of activity and interest in dating apps, many singles around the world are turning to them to find love. In light of this, Japanese officials have an eye on AI to drive better, more curated matches, with their goal being to help people start families.

Match Group announced some changes in key leadership and company structure in light of its new focus on the Asian market.

As U.S. and European markets make up the bulk of revenue for Match Group, the company sees great untapped potential in Asian markets, where young single populations are booming. According to Tech Crunch, there are more than 400 million singles in Southeast Asia and two-thirds have not tried a dating app.

Match Group is focusing on Japan, Taiwan, India, South Korea and Southeast Asia with three new general managers hired to oversee expansion in these areas. One manager is Junya Ishibashi, who will become general manager of Match Group for Japan and Taiwan. Taru Kapoor will be general manager of Match Group India, and Lyla Seo is now GM of Match Group for South Korea and Southeast Asia.