YAHOO FINANCE - Darren Chan, the Malaysian founder of the online dating platform Sugarbook, was arrested in 2021 following a controversial post on the site. After spending 10 days in jail, he emerged more determined to grow his business. Despite the controversy, Sugarbook said it has 4M members, predominantly from Malaysia, the US, and Singapore. The platform is also expanding into new markets such as Taiwan and has introduced new features such as live-streaming. While he was unwilling to reveal the company's earnings and other financials, Chan said that revenue has risen by 60% year-to-date, compared to the same time period last year. Sugarbook has also paid out $1.7M to live streamers since the feature was launched last year.
by Timothy Kang
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