Baihe, one of the dating sites gathering up Chinese lonely hearts is to resume its IPO plan, according to local portal Netease. To get itself more prepared, the company brought in a string of new VPs in charge of marketing, products and tech. Baihe was doing well last year with a 300% revenue increase and 12 million new users, so maybe the company is more ready now.

A Late Offering? 

This is not the first time Baihe endeavored to enter the capital market. Back in May of 2011, CEO Tian Fanjiang claimed to take the company public in a year. However, Jiayuan stole Baihe’s thunder by going public as the first Chinese dating site to get listed. Then came the accounting scandals dulled the interests in China concepts stocks among investors, which also scared away some technology IPOs, including the one Baihe has planned for so long.

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com