Zhenai’s Founder Sets Sights On Marrying AI To Blockchain

SCMP – May 18 – In November, Li Song sold a controlling stake in his online matchmaking business, Zhenai.com, to PAG Asia Capital, and now he’s looking forward to his next big thing. Zhenai, which translates as „true love“, was his second venture after MeMeStar, a short message-based chat forum that was sold to the Chinese web portal Sina. Li founded Zhenai in 2005, but it wasn’t until 2008 that it started to take off. He attributes the success that followed to the rapid adoption of smartphones. Zhenai.com has ~120M registered users, and new users join the dating platform at a rate of ~50k a day. Li is now a minority shareholder and will remain on the board. He’s also taking an online fintech course offered by Oxford University, and when that finishes, plans to start new business related to two key emerging technologies – artificial intelligence and blockchain. He’s confident that we will see apps on decentralised platforms in the future.

by Kate Whitehead
See full article at SCMP

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Woo – Women-friendly Dating App

YOURSTORY – May 18 – Woo aims to match like-minded people, and also claims to be a platform that puts women first. Released in July 2014, the platform is founded by Sumesh Menon (CEO and Co-founder) and Ankit Nautiyal (CTO and Co-founder). It received its undisclosed Series A funding from Matrix Partners, Omidyar Network and U2opia Mobile. Woo has a user base of ~4.5M users. Woo is similar to Tinder, in the sense that users can only chat with someone if the two have mutually liked each other by swiping right. Users can also send out a ‚crush‘ to a profile without swiping right to let him or her know of their interest. With the feature ‚Woo Phone’, women can place an Internet call directly from the app while their number remains hidden and private. This specially created feature is available only to women. Woo Plus unlocks a few extra features.

by Sampath Putrevu
See full article at YourStory

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This post also appears on InternetDatingInvestments.

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Facebook’s Lawyers Could Face IP, Trade Secret Challenges

LAW.COM – May 18 – Match Group has been engaged in litigation on multiple fronts lately. Facebook might want to have its in-house lawyers review Match’s recent intellectual property lawsuits if the company wants to avoid the potential for litigation in its latest venture. Match filed two lawsuits back in March: one against Bumble, and another similar complaint against Chinese dating app TanTan. Bumble has yet to file a response. Facebook will need to be cautious when hiring any employees from Match to help develop its own platform, attorneys said. Facebook has in fact hired at least 25 employees from popular dating sites in recent years, according to a search on LinkedIn. Two of them were from Bumble and Badoo.

by Stephanie Forshee
See full article at Law.com

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Why Millennials Will Swipe Left on Facebook’s New Dating Service

FORTUNE – May 18 – Like we’ve seen in other media industries, online dating is going through its fragmentation and diversification phase. New technologies typically do not replace old technologies – at least not immediately. People tend to adopt new media while continuing to use their favorite „old“ media. The same goes for the online dating marketplace. Online daters can choose to use both Facebook and Tinder. The average online dater belongs to 2.4 dating sites or apps, according to the research firm ReportLinker. „This is going to be for building real, long-term relationships, not just hookups,“ Zuckerberg explained at F8. More than a third of online daters aren’t looking for love. The same ReportLinker survey found that 34% of them are just hoping for a hookup.

by Chelsea Reynolds
See full article at Fortune

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Indian Dating Site, Shaadi, Is Adding Aadhaar Verification Tool

FORBES INDIA – May 17 – Matchmaking sites such as Shaadi.com are using Aadhaar’s unique identification number for profile verification. Shaadi added Aadhaar to its profile verification as a result of a recent survey: ~91% of women gave high importance to verified profiles.

by Rajiv Singh
See full article at Forbes India

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