- After its recent IPO, Tinder’s parent company Match Group was valued at US$3.6BN...
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- New ASX Listing: Online Dating Platform to Follow Tinder’s $BN Path?
- New ASX Listing: Online Dating Platform to Follow Tinder’s $3.6BN Path?
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After its recent IPO, Tinder’s parent company Match Group was valued at US$3.6BN...
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Hundreds of migrants dig under border wall. Skip to content Primary Navigation Show menu Hide menu. Fast forward to today and mobile phone and Internet connectivity have become part of the furniture. Nowadays, 1 in 10 adults on average spend at least 1 hour per day using dating apps on their mobiles.
New ASX Listing: Online Dating Platform to Follow Tinder’s $BN Path?
And you have fertile ground for an on-demand online dating solution with a real difference. An Uber dating experience, if you will. Several sites have tried to tap into niche markets and succeeded to some extent.
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Anecdotal examples include CougarLife. And when successful, big things can happen. This company has hopes to emulate the likes of Match and Tinder and is already doing deals that could eventually push up its value. Most recently it struck a revenue sharing deal with Hong Kong based MenClub which is a great example of how they are able to license their scalable technology platform to media partners around the world, to rapidly grow their user base and revenues with minimal marketing expenses more on that later.
DTX Be alerted as soon as an article is released - Join our mailing list. ERR , dating is more than just business. It is more than a niche. It is about finding the right partner.
There are 8 million singles aged between 18 and 49 in Shanghai, 7. How many dates will they need to find the right partner?
New ASX Listing: Online Dating Platform to Follow Tinder’s $3.6BN Path?
We are betting on more than a few DateTix has created a mobile-centric technology and globally scalable data platform. It has created a site that takes the cynicism out of the industry and gives online dating mainstream acceptance. A bridge between online and offline that preserves useful online connectivity while keeping things real. ERR has now completed its takeover of DateTix — an online dating tech company based in Hong Kong — in exchange for The Company was reinstated to the ASX on 27 November after it closed the offer under the replacement Prospectus on 23 October, fully subscribed.
DateTix offers customers the convenience of finding their perfect match without wasting time looking at the happy snaps of hundreds of potential candidates. Its proprietary matchmaking engine in tandem with human intervention is able to match-make profiles with best suitability, for a recurring fee.
Not only that, its business pitch is aimed at those who are serious about the outcomes of their dates whereby users go on dates that have been meticulously arranged from connection to location. When you look at the players in this space and consider that match. Uber has had such a huge impact that many are following suit in the on-demand space.
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Including dating companies such as Datetix. Online dating is a rapidly growing market, fuelled by longer working hours and a desire for ultra-convenient solutions that take away the need for too much leg work. This is especially true in Hong Kong, where DateTix was founded Just take a look at the numbers for the company in its first week of launch. They want a solution that offers the most convenience. Several companies have been chomping at the bit to go public, and the granddaddy of them all — Match. IAC is a US-based company managing a variety of websites and online media channels under one roof.
But having said that, there is no guarantee DateTix will grow that quickly, or attract any kind of take over offer — this company is in the very early stages, so tread carefully if looking to add to your portfolio. Acquisition or disposition of assets Report. November 27, — via NewsBank. Bloomberg — via NewsBank. February 13, — via NewsBank.
Associated Press News Service. December 3, — via NewsBank.
Associated Press Archive — via NewsBank. Retrieved December 5, The page repeatedly refers to "USAI", e. Retrieved February 11, Retrieved June 13, Retrieved 29 January The New York Times. Retrieved February 5, Archived from the original on February 5, Retrieved 2 February Retrieved April 11, Archived PDF from the original on Retrieved August 27, The Wall Street Journal.