JD Capital and Baihe.com Set Up Joint Investment Fund
Recently, Baihe.com (834214.OC), a leading online dating website listed on the NEEQ, announced its plan to found a joint investment fund with JD Capital. The fund will be used for investment in or M&A of enterprises engaged in the dating and wedding industry.
With this fund, JD Capital and Baihe.com target at fostering an industrial bellwether by integrating resources along the chain of the dating and wedding industry.
In May 2016, Beihe.com merged with Jiayuan.com (another famous dating website) through Tianjin Xingfu Shidai Enterprise Management Co., Ltd., a stakeholder of Baihe.com. The marriage between the two made them an absolute industrial leader with a combined market presence of nearly 50%. While giving Baihe.com a big leap in horizontal expansion, the merger has also brought it to hit the growth ceiling. It is under such circumstances that Baihe.com chooses to jointly launch a M&A fund with JD Capital, so as to continue its growth by expanding downstream businesses, and thus upgrading Baihe.com from a dating website to an enterprise boasting a full range of services for dating and wedding.
The dating and wedding market holds perfect opportunities for M&A. As an upstream industrial leader, Baihe.com boasts massive internet traffic. Also, by diversifying its service lines from just matchmaking, Baihe.com greatly expanded its customer life cycle, giving it great potential for long-term profiting. All these have made Baihe.com the optimal partner of JD Capital in its endeavor to integrate the dating and wedding market.
With the establishment of the fund, JD Capital and Baihe.com will cooperate with or take stock in wedding-related companies. The aim is to usher in the era of integration in the dating and wedding industry as well as build a flagship enterprise of the entire industrial chain.
In the future, Baihe.com will not only be a starting point of romantic relationships, but a witness of new couples starting their happy life.