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In March of this year, the company’s largest shareholder, Vast Profit Holdings, offered to buy the company back at .37 per share. Apart from that, relationship sites have natural limits, Michelle Ma, a Bloomberg Intelligence analyst, told Bloomberg.“The industry has been growing over the years, but they will not grow as big as other social networking areas,” she says.The dating platform was affected, along with its users.In May 2011, was listed on Nasdaq with an initial share value of .But whereas users of foreign dating sites often try to impress with looks and personality, Chinese sites are more pragmatic.Educational background, monthly salary, height, age and home ownership often weigh the most in selecting a partner.
Author Evan Osnos wrote in the New Yorker that whereas in America online dating “has the power to expand your universe of potential mates; in China, a nation of 1.3 billion people, (it) promises to do the opposite.” Crucial in accomplishing this are the selection criteria on dating websites.
“More so than ever, Chinese people are leaving their hometowns for educational or professional opportunities in cities like Beijing, and in doing so are forced to recreate their social network from scratch,” said CFO Shang-Hsiu Koo in a study by the University of Pennsylvania. Its co-founder, Gong Haiyan, created China’s leading dating website from her college dorm in 2003.