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Baihe will fund the deal through .4 million USD in cash, and private placement of shares or bank loans.
The matchup caps of a year of mergers and acquisitions between Chinese tech companies including giants Didi-Kuaidi, Meituan-Dianping and Ganji-58 Baihe has previously indicated they intend to list locally.
They have more than 1 million members worldwide with 50% of Chinese females.
Signing up is free and you can create your own account and browse thousands of profiles immediately with just easy steps.
We are committed to helping you find the perfect match, no matter where in the world you may be.
As a leading Chinese dating site, we successfully bring together singles from around the world.
If you are looking for serious Chinese dating and relationships, you can find it on China Love Cupid, where we bring together thousands of single men and women internationally.
Started in 2005, China Love Cupid is part of the well-established Cupid Media network that operates over 30 reputable niche dating sites.
Baihe, founded in 2005 by Mu Yan, raised 0 million USD in a round of Series D funding this past May.
The dating site claims to have 90 million users in 80 different cities across China.
The matchup between Jiayuan and Baihe’s Love World Inc.
is expected to close in the first quarter of 2016, after which Jiayuan will be removed from the NASDAQ.