BEIJING TODAY – Oct 31 – Dating apps such as Momo, Tantan and Qingchifan are growing fast and attracting investment. Young people also use IM apps such as WeChat and QQ to meet romantic partners. Online dating in China will generate ~10B yuan ($1.6B) in revenue by 2016, up 17% from 2014, according to iResearch. Dating sites make money from ads and membership fees, and also from offline events and matchmaking services. Comparatively, most foreign dating sites rely on ads. Whereas users of foreign dating sites try to impress with looks and personality, Chinese sites are more pragmatic. Educational background, salary, and home ownership often weigh the most in selecting a partner. Men are generally expected to have a house, a car and a satisfying salary. 68% of women in developed cities said they would not marry a man until he owns a house.
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