SubscribeLove21cn’s Funding and China’s Online Dating Market
Love21cn, an online dating site, finished its series A funding of $10 million led by Ignition Partners, i.e. Qiming Ventures Partners. Just one month ago, Love21cn also announced that it received 40 million Yuan from three co-founders of New Oriental(Nasdaq:EDU), an education service company. But according to Qiming Ventures’ official press release, the amount received [...]
Match.com Acquires Chinese Dating Site Edodo
According to this AP report, Match.com has acquired Beijing based dating site Edodo. Financial details is not disclosed. Match.com is owned by IAC, which is also the parent company of Ask.com.
Edodo launched in around 2005. The AP report shows it has 180,000 paid users. Before this deal, it’s almost never reported by Chinese media. Take [...]
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