BLOOMBERG - June 4 - Tantan is a Chinese mobile dating app that works like Tinder. While there have been doubts about the ability of Tinder to get customers to pay, China’s entrepreneurs think they’ll have an easier time. Tantan doesn’t plan to charge its users until the year-old app has 10M users, from 2M now. German media company Bertelsmann invested $5M into Tantan this year. Early Apple backer Sequoia Capital and Vertex Venture Holdings have invested $20.5M in Qingchifan, another dating app. iResearch predicts online dating in China will generate ~$1.6B a year in 2016, up 17% from 2014.
See full article at Bloomberg Business
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