PAG said on Tuesday it had closed the acquisition of a majority stake in Zhenai Inc., a Chinese online matchmaking and dating service provider.
Founded in 2005 by Dr Li Song, Zhenai.com claims over 140 million registered members and PAG expects it to generate revenues of more than RMB1.6 billion $240 million and net profits of more than RMB200 million $30 million in 2017.
The site has over 2,000 trained matchmaking specialists across China and 57 matchmaking centres in 37 cities.
Zhenai is PAG’s latest major investment in internet and technology-related industries, after such investments as China Music Corporation now known...
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