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Issue 670 - OPW/iDate Industry News - June 1st, 2020
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Author:  datingindustrynews [ Tue Jun 02, 2020 6:52 pm ]
Post subject:  Issue 670 - OPW/iDate Industry News - June 1st, 2020

The OPW/iDate Weekly News Summary.

Upcoming Events:
- Online Dating and Dating Industry Conference in Odessa on May 21-22, 2020

https://idate2020.com/
- Stay informed. https://www.onlinepersonalswatch.com/
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:


Kippo Raises $2M for a Dating App for Gamers

VENTURE BEAT - May 28 - Kippo has raised $2M for a dating app for gamers who want to find like-minded companions. Primer Sazze Partners led the round, with participation from Tinder executives and partners at Eaton Workshop, NextGen Venture, and IHeartComix. The capital will primarily be used to expand the interactive features on the app. The name for the company comes from a Korean word, and it's a twist on "happiness". The grand vision is to create a platform for everybody, a platform that is a gamified experience for people to meet new people". Gamers identify what games they like and include a lot of photos in their profiles. They also connect using in-game names, rather than phone numbers. 93% of Kippo users go on a virtual date and play video games together before meeting in-person. The company was founded in 2019 by David Park, Cheeyoon Lee, and Sean Suyeda.


Momo's Q1 Financial Results: Revenue Down 3.5%, Net Income Up

MOMO - May 28 - Q1 revenue decreased by 3.5% YOY to RMB3,594.1M ($507.6M). Net income attributable to Momo increased to RMB 539M ($76.1M) in Q1 2020 from RMB 289M in the same period of 2019. Monthly Active Users on Momo app were 108M in March 2020, compared to 114.4M in March 2019. Total paying users of live video service and value-added service, including 4.2M paying users of Tantan, were 12.8M for the Q1 of 2020, compared to 14M in Q2 of 2019. "Q1 2020 was a challenging and yet very fruitful quarter for Momo," commented Yan Tang, Chairman and CEO of Momo.


The League Officially Launched in South Africa

ITWEB - May 22 - Founded in 2015, The League was created by Amanda Bradford, who also serves as CEO, and is modelled after private members-only clubs like Soho House. The members-only swiping app, aimed at professionals, uses data and social graphs from both Facebook and LinkedIn to fuel its proprietary algorithm. In South Africa, it joins other popular apps like Tinder, EliteSingles, Predict Dating App and SouthAfricanCupid, to name a few.
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RealMe - Making dating apps safer
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Muzmatch Adds Video Date Feature

FORBES - May 24 - Online dating app Muzmatch serves ~2.5M Muslim users around the world. Its new video dating feature makes the world's first religious-themed dating app to include video calling. According to Muzmatch's own in-house surveys, 83% of its users had trouble finding a spouse because of lockdowns. According to CEO Shahzad Younas, the new function doesn't come without some controversy as video dating is rejected by many Muslims. Some followers would consider it "haram" or forbidden.


Hily Dating App Comes to Japan

BUSINESSWIRE - May 26 - Hily, one of the fastest-growing dating apps in the world that gathered ~11M users just in one year, is now available in Japan. Hily's primary goal is to provide its users with better communication. The app matches the users based on ~40 entry points. Hily's newest feature called Compatibility Quiz allows users to check if they are compatible with people they want to swipe right on. The system will show detailed results with points they had in common and a description of their prospective relationship. For Hily, the Japanese launch is the first move to Asia. Last year, the dating app successfully rolled out to 20 countries in Europe and Latin America.


PositiveSingles Launches Video Chat

NEWSWIRE - May 26 - PositiveSingles, a dating platform for people with STDs, has introduced a new video call feature for their iOS users. The website has ensured security and privacy while rolling out this video chat feature. There is a limit to the number of video chats users can have per day, to 20, and each call is for a max of two minutes. No one can send a video call request to hidden profiles and to people you are not in conversation with.
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*Courtland Brooks* helps Internet dating companies grow with strategic advisory from seasoned professionals, business development, marketing and media relations services. For the price of a marketing manager you get access to a team of seasoned Internet dating professionals. Email mark@courtlandbrooks.com for more info.
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Tinder Is Launching Prompts - Q&A Cards

DAILYMAIL.CO.UK - May 28 - Tinder has launched a new feature, called Promts, that allows users add question-and-answer cards to their profile. Prompts show a range of questions on subjects including pets, favourite songs and past-times on a user's profile, with their answer typed below. These cards will then appear on the app after a potential suitor has swiped through all the profile pictures added. Questions available will be updated regularly.


Research: 20% of Couples Meet Online

HAPPIFUL - May 27 - A new research from comparethemarket has revealed a fifth of couples met online, with Google searches for online dating soaring by 75% since lockdown began. Searches for 'Zoom date' have risen by ~ 284%.
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The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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