In response to the real and imagined pressures that brought about such terms, there has been a boom in online match-making platforms in the last ten years, with top sites including and claiming they can turn a profit by doing cupid one better. But recent refinancing announcements call such claims into question: In 2014, reportedly generated RMB298 million (US.93 million) in revenue, a loss of RMB36.68 million.In May the platform announced it was refinancing to the tune of RMB1.5 billion and planned to list on the mainland's stock market.However, parents in Shanghai are taking to the streets to find their children a potential spouse.The Shanghai Marriage Market is open and ready for business for about two hours every Saturday and Sunday.On the way to the park, Dela Cruz asked his instructor how the Chinese court, which led to the instructor spilling the beans on the surprise.She explained to Dela Cruz and his classmates the act of matchmaking at the Marriage Market.
He viewed the Marriage Market as a way for the older Chinese generation to keep tradition in their children’s love lives while the culture is ever changing.
Researchers Lin Shi and Florian Kohlbacher from the International Business School Suzhou (IBSS) at Xi'an Jiaotong-Liverpool University (XJTLU) explain popular perceptions among China's single men and women toward online match-making services—and the accompanying business opportunities and challenges presented by China’s social norms.
For those keeping an eye on China's economy, it's clear the country is suffering from oversupply it doesn't know how to deal with—but not just in steel and coal.
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