CHINA DAILY -- June 19 -- There's no shortage of companies looking to capitalize on the so-called "lovesick" Chinese youth, challenge to turn love into cash. There's 137 million internet users in China. 56 million are using the web to look for love or friendship, according to iResearch. The Chinese online "friends and dating" market reached 400 million yuan February 2007. Most multinationals are also looking to enter this fruitful market, either by acquisition or partnership, following the leads of Meetic buying YeeYoo.com and Match buying edodo. "The biggest opportunities will pass soon", said Mark Brooks, of Online Personals Watch. "Non-Chinese companies should move this year, or they will miss the Chinese boat."
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The Cruel Business of Love in China
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