Marbridge Daily

<- July 18, 2013 ->

Rumor: Tencent, Alibaba in Talks to Acquire Jiayuan

Sina Tech, 7/18/13

According to industry sources, Chinese internet and mobile services firm Tencent (0700.HK) and e-commerce conglomerate Alibaba Group have both expressed interest in acquiring Beijing-based online matchmaking site operator (Nasdaq: DATE). Jiayuan VP Zhou Zhongxiao has denied the rumors, stating that the company will not undergo any financial changes in the near future.

Jiayuan's share price increased by 22.56% on July 17.

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