PAG seals relationship with Chinese online matchmaker

The private equity firm acquires control of, a Chinese online matchmaking business.

PAG seals relationship with Chinese online matchmaker

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, 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...

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