Rise of online dating

Rows of colorful stalls line the walkways, which are crowded with old couples elbowing each other to examine the thousands of offerings.But the “goods” being hawked by the seasoned ladies behind the stalls are not scarves or souvenirs, but rather singles.Match Group, the owner of online dating apps such as Tinder and Plenty of Fish, reported a profit of .4 million, compared with a profit of .3 million a year earlier.Analysts had projected profit of million, according to a survey by Fact Set.The analyst forecast called for 8 million in revenue.Nondating revenue declined to .9 million from .8 million, because the company's Princeton Review business struggled to attract customers interested in prepping for the new format of the SAT test.The number of members paying to use Match Group's dating services increased by 31% to 5.5 million, an all-time high for Match Group, driven by the company's Tinder unit.

Wandering into the main gate of People’s Park, a large public gathering space in the heart of Shanghai, one might think he or she has stumbled upon a bustling flea market.What is interesting about Chinese online dating is not only its rapid growth in a conservative society that frowns upon courting more than one person at a time, but also its potential to change the social norms that are part of dating both online and offline.

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