Online dating valued at US$4.5m (China Daily) Updated: 2006-06-26 08:45
A report released earlier this year by Internet and research consulting firm
iResearch valued the online dating market at 37 million yuan (US$4.5 million)
for 2004 and 91 million yuan (US$11.2 million) for 2005, and predicts it will
grow to 653 million yuan (US$80.5 million) in 2008.
In comparison,
the US market was US$520 million last year, and the European market was US$110
million, both expanding at double-digit rates. And Lesnick said with the markets
in the United States and Europe beginning to mature, many overseas companies are
starting to pay attention to the burgeoning Chinese market.
Paying for
dates
The National Population and Family Planning Commission revealed
earlier this year that 117 boys were being born in China for every 100 girls,
far beyond the normal ratio of 104-107 to 100.
For Lesnick, the statistic
means Internet dating will grow even more. "In China, the most interesting
factor is the male to female ratio," he said. "In the US it is around even. But
the ratio in China means that there is going to be a big problem in the
long-term.
"When these guys turn 20 to 25 and are looking to get married,
they are going to find that there is a shortage of women. So, they are going to
pay money to get dates and to be set up, so the market will grow
hugely."
One of the delegates most captivated by the two-day conference
was Mark Brooks, a US-based online dating industry analyst and editor of
Onlinepersonalswatch.com.
"I know the American market very well, and the
European market somewhat, but the Asian market was a mystery to me," he said.
"The US market is coming to a point of maturity now, whereas the situation in
China now is how it was there a few years ago.
"People are beginning here
to meet couples who successfully met through online dating. People are starting
to trust it more, and seeing that it is a secure vehicle for finding the ideal
match.
"In a few years, everyone will know somebody who has met their
partner through online dating. When the growth does pick up and go through the
roof, there will be many foreign firms here."
Brooks said he saw the
conference as a groundbreaking moment for the industry in China. "It was like
going to a Windows conference in 1995," he said. "This is an incredibly exciting
time."
(For more biz stories, please visit Industry Updates)
|