IOL -- May 24 -- "How to make money is the problem for every Internet dating company in China," said Zhang Kuan, president of dating site Jiaoyou. Chinese men are increasingly moving from their home towns to large cities where they have a limited social network to find a mate, according to Jason Tian, CEO Baihe. iResearch estimates the Chinese online dating market could reach $82-million (about R543-million) in 2008. The potential will hinge partly on a migration away from a free business model. "High quality services cannot be free," said Dr Song Li, CEO of SinoFriends. The solution, according to eFriendsNet.com (Yeeyoo.com) CEO, Marine Ma, is to blend social networking and Internet dating services. eFriendsNet (5 million users, $3m irevenue in 2005) charges a subscription fee for enhanced services such as the ability to chat with a potential date by mobile phone using a secure connection that protects both parties' identity.
The full article was originally published at Iol, but is no longer available.
Mark Brooks: Dr Li encouraged the Chinese dating industry to start charging for their services at the Asian internet dating convention.
