Shijijiayuan is aggresive in online marketing, they spent more money on online advertising, than any companies in China.
Most of its members are university-educated and urban professionals.
Sino Friends Inc., the operator of zhenai.com, is financially backed by a group of international investment funds: Bridger Capital (the U.
Sales and marketing expenses for 2016 were RMB1.08 billion, compared with approximately RMB111.9 million in 2015, primarily for marketing to encourage moviegoers to use the Tao Piao Piao online ticketing platform.
The company’s administrative costs also grew from RMB278 million to RMB720 million as its staff numbers swelled from the acquisitions of Tao Piao Piao and film finance unit Yulebao.
Valuing Youku Tudou at $5.40 billion, Alibaba paid US$27.6 per New York Stock Exchange-listed ADS.
As Alibaba and Jack Ma’s Yunfeng fund already owned close to a fifth of the company, Alibaba paid some billion for the outstanding shares through its YK subsidiary.
But Single’s Day was never meant to be a somber affair.
Just like couples buy each other presents on Valentine’s Day, Single’s Day is an opportunity to treat yourself, and buy the things you’ve always wanted.
Integration of Youku Tudou points to connections with Yulebao, a consumer to business funding platform, online payment service Alipay and the ticketing systems that have recently been transferred from Alibaba to Alibaba Pictures.
Blaming an ocean of red ink on increased marketing expenses, Alibaba Pictures Group reported Friday that losses exceeded revenues in 2016.
Zhenai(Zhenai.com) was first created in May 1998 and is the oldest dating site in China.