Two of China’s largest matchmaking sites are tying the knot as the country’s tech mergers and acquisitions continue into 2016.

Jiayuan.com International Ltd. announced on Monday that they will be acquired by a subsidiary of competitor Baihe Network Co. in a deal that values the former company at around $250 million USD.

The matchup between Jiayuan and Baihe’s LoveWorld Inc. is expected to close in the first quarter of 2016, after which Jiayuan will be removed from the NASDAQ. Baihe will fund the deal through $23.4 million USD in cash, and private placement of shares or bank loans.

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Eva Xiao

Eva Xiao is a tech reporter based in Shanghai. Contact her at eva.xiao@technode.com or evawxiao (wechat & twitter).