CHINA MONEY NETWORK - Feb 28 - China's biggest online dating platform Baihe.com plans to establish an investment fund with private equity firm JD Capital to invest in wedding service and wedding related companies to push for industry consolidation via mergers and acquisitions. Baihe.com merged with NASDAQ-listed Jiayuan.com last May. They both now control ~50% of China's online dating market.
by Jillian Yue
See full article at China Money Network