The OPW/iDate Weekly News Summary.
- Attend iDate May 28-29 in Beijing: http://www.internetdatingconference.com
- Video about Beijing: http://idate2015.com/agenda-beijing-2015.php
- Stay informed. http://www.onlinepersonalswatch.com
- Mobile news app: http://idate2014.com/idate-industry-app.php
:~ TOP ONLINE PERSONALS WATCH NEWS ITEMS AND INTERVIEW ~:
15winks - Sam Mendezhttp://www.onlinepersonalswatch.com/new ... endez.html
Baihe Raises $242M New Funding Ahead Of IPO
CHINAMONEYNETWORK - May 21 - Baihe.com has completed RMB1.5 billion ($242M) new round of financing, and is planning for an IPO on China's domestic stock exchange by the end of this year. The investors' identities are not revealed, but reportedly include several publicly listed Chinese companies and a number of private equity and brokerage firms.http://www.onlinepersonalswatch.com/new ... f-ipo.html
AdultFriendFinder Confirms Data Breach
USA TODAY - May 22 - AdultFriendFinder has contacted law enforcement and high-profile security firm FireEye to investigate a data breach. Information including sexual preference, marital status and other personal data (dates of birth, email addresses and addresses) for as many as 4M members may have been stolen.http://www.onlinepersonalswatch.com/new ... reach.html
Dating sites make millions each year from running their casually oriented dating traffic to Fling.
for special treatment.
Momo Q1 Financial Results: Revenue Up 383%, Net Income $6.7M
GLOBE NEWSWIRE - May 18 - Momo's Q1 revenue increased 383% YOY to $26.3M. Net income was $6.7M, compared to a net loss of $1.2M in Q1 2014. Monthly Active Users (MAU)1 were 78.1M in March 2015, an increase of 83% YOY. Membership subscription revenues were $13M, up 311% YOY. Momo paid members reached 3.1M. Mobile games revenues were $6.1M, up 212% YOY.http://www.onlinepersonalswatch.com/new ... e-67m.html
Snap Interactive Q1 2015: Revenue Down, Net Loss $1.2M
MARKETWIRED - May 15 - Q1 revenues decreased 3.2% YOY to $3.2M. Net loss was ~$1.2M compared with net loss of ~$900K in Q1 2014. Snap reported increased active subscriber count to ~103K from ~101K in Dec 2014. Snap's newly launched dating app "The Grade" exceeded 8M swipes.http://www.onlinepersonalswatch.com/new ... s-12m.html
Wanify - Paying too much for Google AdWords? Promote your dating site in the Wanify Dating Ad Network for half the cost of Google.
Contact the CEO directly at email@example.com
How A Battered Zoosk Kept Employees Engaged
CIO.COM - May 18 - When Carol Mahoney met with Zoosk's founders Shayan Zadeh and Alex Mehr in 2014, she believed it was to finalize a post-IPO talent strategy. Zoosk was founded in 2007. It is #1 dating app in the world with 33M users. The company was set for an IPO but Zadeh and Mehr had other plans. They handed over executive control to former CFO Kelly Steckelberg, and scuttled plans for the IPO. A new strategy had to be implemented. "We were so focused on revenue growth because of this IPO that no one ever thought about the customers," said Mahoney. By January 8, Zoosk had reduced its workforce by ~15%.http://www.onlinepersonalswatch.com/new ... gaged.html
Dating Sites Face Tougher Regulations In China
WOMENOFCHINA - May 18 - China's Internet watchdog (CAC) has shut down 128 dating sites in the past three months. The sites lacked legal registration, were illegally leaking user info, allowed fraud and obscene content, or were connected with prostitution. ~20 dating sites were required to make changes or be suspended. The CAC launched its campaign in early February. Most of the tips it acted on came from the public.http://www.onlinepersonalswatch.com/new ... china.html
Identify your fraudulent users before they have a chance to commit fraud and ruin your sites' reputation. Use BeehiveID.
More info: http://www.beehiveid.com/verified-ident ... g-industry
BeehiveID To Host Fraud Prevention Webinar On June 4th
OPW - May 25 - BeehiveID is hosting a webinar called “Traditional Fraud Prevention is Costing you Customers” on June 4th. There will be two sessions - at 9AM CST and 3PM CST. You can register here. BeehiveID helps ensure that people online are who they say they are in person. It analyzes an individual's social media history, their friends and posts to determine whether a genuine person or a spambot is posting. In this webinar, BeehiveID we will examine transactional tools traditionally used to fight fraud - how they work, and where they fall short. BeehiveID team will show you how person based data can be a much more effective barrier to fraud, as well as a critical tool for building safe online communities.http://www.onlinepersonalswatch.com/new ... e-4th.html
Happn Wants To Reach 10M Members This Year
BUSINESS INSIDER - May 18 - Happn is a new app that shows users other users with whom they've physically crossed paths with throughout the day. Happn's founder and CEO says it's all about replicating the serendipity of real life. Happn got its start in Paris, but has since expanded to 3M registered users in London and New York City. The app has raised ~$8M, and expects to reach 10M members by the end of this year.http://www.onlinepersonalswatch.com/new ... -year.html
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The OPW/iDate Dating Business Insider is first and the largest weekly news summary
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:~ UPCOMING INTERNET DATING & DATING INDUSTRY CONFERENCES ~:
May 28-29, 2015 : Beijing
October 14-16, 2015 : London
:~ TWITTER ~:
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The business conference for the dating industry @ InternetDatingConference.com
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