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Posted by / 01-Feb-2018 01:03

Jd dating site

has also been trying to add more technology innovation to its business.

reported sales from its marketplace business grew 103% in Q4 year over year and accounted for 45% of gross merchandise value, while at same time its direct-sales revenue grew 54% compared with the same quarter in 2014, led by the food and beverages, cosmetics, mobile and home appliance categories.

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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 and push for industry consolidation via mergers and acquisitions.

The move signals Baihe.com's attempt to seek new growth engines after its merger with NASDAQ-listed last May created a combined entity that took nearly 50% of China's online dating market.

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JD Capital is a Beijing-based private equity, venture and fixed income investment firm, currently managing RMB30 billion (US$4.37 billion) across multiple RMB and U. The company disclosed that its annualized rate of return was around 29% as of June 30, 2016, according to its disclosure filings.

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