SEEKING ALPHA - Sep 19 - Shares of Jiayuan.com are up 22% in 2013, but still down 39% from the IPO price in May 2011. Jiayuan is the largest (90M registered users) dating sites in China, and is in excellent financial shape with no long-term debt and $83M in cash and investments. #2 dating site is Zhenai.com with 58M users and Baihe.com is #3 with 40M users. 120 boys are born for every 100 girls in China. Single men often are poorer villagers who have moved to cities for work. Males greatly outnumber females in the villages. On the other hand, it is easy for rural females to find husbands due to the gender imbalance. The online dating market in China was expected to reach $328M by 2014, doubling its 2011 value. Jiayuan's primary source of revenue is subscription. Events and VIP services account for 11% of the revenue.