Rumor: Dating Site Baihe Resumes IPO Preparations

Netease Tech, 1/25/13

According to a knowledgeable source, Baihe Online, the operator of Beijing-based online dating site Baihe, has commissioned an unnamed accounting firm to begin an audit of the company in anticipation of resuming the company's IPO application. In anticipation of the move, the company brought on a number of new executives in Q4 2012, including Products and Technology VP Guo Xiao, Marketing VP Zhuan Yirong, Executive Technology Manager Zhang Lei, and Wireless VP Wang Xiaodong. Baihe added 12 mln new users in 2012, an increase of 300% YoY. The company reached operational profitability during the year.

Baihe CEO Tian Fanjiang did not deny IPO rumors, stating, "We're just undergoing a little preparatory work."

In May 2011, Tian announced that the company would IPO in 2012.

Keywords: Guo Xiao Zhuan Yirong Tian Fanjiang Wang Xiaodong Zhang Lei Internet IPO Baihe online matchmaking

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