Cyber-dating industry booming in China cntv. And with one of the country's largest dating websites now listed on the Nasdaq init looks like there's money to be made from Chinese online dating market singles. China's single population is reshaping the market for dating websites. China has more than million people who are currently single. Bynearly half of the country's wanna-be-marrieds had registered on one of the country's three leading dating agencies -- bringing the companies multi-million Yuan profits.
Mu Yan, co-founder of Baihe. The profit is good; the revenue is roughly over million RMB. By the way, the chinese online dating market of boys to girls in the U. The odds get dramatically worse, the older a man gets. For Chinese in their 30s, the number of single men to single women is estimated to be nearly to To put that in perspective, that dwarfs the 3.
There is one publicly traded Chinese dating service that happens to own the largest market share of that booming industry. It chinese online dating market also number one in a number of unique visitors, b average time spent per user, and c average page views per user among all online dating websites in China. Check out Renren and its successful Chinese social-media cousins to potentially make some really big money.
Until next time, Tony Sagami P. For all my favorite Asia-focused plays, give my Asia Stock Alert service a strawberry blonde dating site youtube com try. Tony Sagami is the editor of Asia Stock Alert, a monthly chinese online dating market with chinese online dating market mission to help you profit from booming Asian economies with companies the Wall Street crowd chinese online dating market.
While dating apps and sites have made it easier for users to find a large number of highly-targeted matches and thus widening the dating pool for Chinese singles, negative effects have also arisen. Chinese dating preferences are relatively material-driven, and many users, especially women, expect to marry someone who is financially secure and successful.
Houran points out the potential unintended consequence: Monogamy, marriage and material values are not valued across all Chinese dating apps. When online dating companies such as Baihe and Jiayuan began in the early s, they were still seen as taboo, and many young Chinese were hesitant to adopt this new approach of dating. There also exists prejudice that portrays online daters as unsociable and perhaps awkward in real life.
The great success of this show gave tremendous exposure to these two sites. Chinese online dating market also helped dispel rumors about online dating. The Business Behind the Apps Chinese dating apps depend on users mother dating felon pony up subscription fees and purchase offline services in the name of finding love. As of July8. New features to capture this affluent and accessible market are constantly being rolled out.
Baihe, Beijing Normal University and the Chinese Academy of Sciences founded the first dating and marriage institute inwhich uses an advanced system that assesses compatibility based on lifestyle, personality and values. Offline services have also been developed by Baihe and Jiayuan such as matchmaking agencies, photography services, relationship counseling, wedding planning and catering, personal finance and physical stores.
Users on the Jiayuan website they can access and send e-mails for free to over 50 relationship experts, many of whom are therapists, social workers and psychologists.