When the online revolution first arrived back in the s, Internet dating was barren ground with no participants or demand. This was most likely due to only a handful of people having online access Fast forward to today and mobile phone and Internet connectivity have become part of the furniture. Nowadays, 1 in 10 adults on average spend at least 1 hour per day using dating apps on their mobiles.
When the online revolution first arrived back in the s, Internet dating was barren ground with no participants or demand. This was most likely due to only a handful of people having Introducing the Uber of dating apps IOL access Fast forward to today and mobile phone and Internet connectivity have become part of the furniture. Nowadays, 1 in 10 adults on average spend at least 1 hour per day using dating apps on their mobiles.
And you have fertile Introducing the Uber of dating apps IOL for an on-demand online dating solution with a real difference. An Uber dating experience, if you will. Several sites have tried Introducing the Uber of dating apps IOL tap into niche markets and succeeded to some extent. Anecdotal examples include CougarLife. And when successful, big things can happen. This company has hopes to emulate the likes of Match and Tinder and is already doing Introducing the Uber of dating apps IOL that could eventually push up its value.
Most recently it struck a revenue sharing deal with Hong Kong based MenClub which is a great example of how they are able to license their scalable technology platform to media partners around the world, to rapidly grow their user base and revenues with minimal marketing expenses more on that later. DTX Be alerted as soon as an article is released - Join our mailing list.
ERRdating is more than just business. It is more than a niche. It is about finding the right partner. There are 8 million singles aged between 18 and 49 in Shanghai, 7. How many dates will they need to find the right partner? We are betting on more than a few DateTix has created a mobile-centric technology and globally scalable data platform.
It has created a site that takes the cynicism out of the industry and gives online dating mainstream acceptance. A bridge between online and offline that preserves useful online connectivity while keeping things real.
ERR has now completed its takeover of DateTix — an online dating tech company based in Hong Kong Erfolgsstories bei unseren Speed Datings. in exchange for The Company was reinstated to the ASX on 27 November after it closed the offer under the replacement Prospectus on 23 October, fully subscribed.
DateTix offers customers the convenience of finding their perfect match without wasting time looking at the happy snaps of hundreds of potential candidates. Its proprietary matchmaking engine in tandem with human intervention is able to match-make profiles with best suitability, for a recurring fee. Not only that, its business pitch is aimed at those who are serious about the outcomes of their dates whereby users go on dates that have been meticulously arranged from connection to location.
When you look at the players in this space and consider that match. Uber has had such a huge impact that many are following suit in the on-demand space. Including dating companies such as Datetix. Online dating is a rapidly growing market, fuelled by longer working hours and a desire for ultra-convenient solutions that take away the need for too much leg work. This is especially true in Hong Kong, where DateTix was founded Just take a look at the numbers for the company European interracial dating sites Product Change Management: Know Your Options its first week of launch.
They want a solution that offers the most convenience. Several companies have been chomping at the bit to go public, and the granddaddy of them all Introducing the Uber of dating apps IOL Match.
IAC is a US-based company managing a variety of websites and online media channels under one roof. But having said that, there is no guarantee DateTix will grow that quickly, or attract any kind of take over offer — this company is in the very early stages, so tread carefully if looking to add to your portfolio. Its ideas and business plan do however tap into a growing trend which is why we feel DateTix is a solid addition to our tech portfolio here at The Next Tech Stock. The platform also enables users to find business connections across all industries.
By helping people find business contacts, new employees or explore new business opportunities, DateTix could potentially create a new market altogether.
In fact we could potentially see this technology applied to other market sectors where live, location-based mobile phone connectivity is a selling point. DateTix could be an exciting and profitable transition for ERR as the company embarks on a new direction forced by turbulent market conditions in construction and mining However, this is speculation on our part — success is no guarantee for this small company — please do your own research and consider your personal circumstances before making an investment.
ERR has been developing corporate management software since its inception in Its key market segments in this space are enterprises working in energy, construction and resources industries.
Given the current lack of business activity in many of its key sectors, ERR has taken the prudent approach of winding down unnecessary business units and focusing on new revenue drivers that can diversify its position. If and when its core market recovers, ERR will be in a position to re-focus on its corporate platform. Chinese social conventions surrounding finding a partner, dating and marriage are somewhat different to their Western counterparts.
For the Chinese, marriage is more akin to duty rather than choice. Arranged matches which likely become fully-fledged marriages are commonplace and similar to those of other cultures such as India and parts of Africa. China has undergone rapid Introducing the Uber of dating apps IOL over the past 30 years that has seen over million people move from rural communities Introducing the Uber of dating apps IOL urban metropolises such as Shanghai and Beijing.
The reason for this torrent of migration was to pursue economic prosperity, unavailable to low-wage agricultural workers. The rapid economic and demographic changes Introducing the Uber of dating apps IOL China over the past three decades has had a huge impact on how the Chinese seek out romantic relationships and marriage.
Nowadays, there are millions of wealthy Chinese who are single and looking for love but do not have the time to find a match. It is estimated that there are Introducing the Uber of dating apps IOL 8 million single adults in Shanghai alone, with 7 million more in Beijing.
Over the coming decade, China is expected to have a surplus of around 24 million single males; and the majority are desperate for a bride considering the social pressure they are under. Take a look at the table below, and you will gain a broader understanding of the sheer number of singles in Chinese cities.
These numbers are far beyond anything experienced in other international cities. The overarching strategy is to win market share and grow its customer base at the fastest rate possible by focusing on cities rather than countries. The chart above draws a map of where DateTix will be looking to expand after Shanghai, Beijing and Guangzou have been suitably romanced.
In moving forward, DateTix recently signed a revenue sharing and white label agreement with MenClub — a leading online media platform for men in Hong Kong. The partnership provides ERR with instant access to 1. The Company will leverage its technology platform to offer a white label service to MenClub patrons to enable them to host and apply to local and in-person dates.
As part of this strategy, DateTix has created a scalable and defensible asset-lite business model by which it can monetise its user database through a range of methods outlined below:.
The most Introducing the Uber of dating apps IOL revenue channel for DateTix is user subscriptions. Users that are very active are upsold additional features and services. An online marketplace gives customers the chance to buy date tickets, introductions to dates and other service features. Charging local merchants to advertise on its online platform allows DateTix to bring in additional revenue. For example, a local restaurant would pay DateTix a fee for placing an online ad aimed at DateTix customers searching for a suitable restaurant.
Advertising fees are likely to grow in proportion to the amount of subscribers DateTix signs up. Going a Introducing the Uber of dating apps IOL further, DateTix has also implemented an e-commerce revenue stream whereby it issues customers with discounted tickets to concerts, restaurants and other events, from which it then earns a percentage. A couple that found each other through DateTix and then visited a restaurant would both be paying a subscription fee to DateTix while the restaurant pays Introducing the Uber of dating apps IOL referral fee in addition to a share of the total bill spent by the couple.
Given that the hundreds of dating sites currently available are all focused on chat and quick introductions for a small fee, they require large amounts of users to be viable.
In having a different market position, DateTix is able to charge more per user and monetise its existing database to a greater degree than rivals such as Tinder.
The big selling point for DateTix is that users are matched with someone who is truly suitable and compatible without having to do any searching themselves. This suits the Chinese market perfectly. Its expansion strategy is focused on cities rather than countries which sets a clear growth path for the foreseeable future. Having tuned into a growing market, fuelled by a clash between culture and economics, DateTix is looking at an addressable market of over 25 million people in China alone.
Other markets around the world including US and Europe could push the numbers to over 40 million. If DateTix can attract a small portion Introducing the Uber of dating apps IOL this large and growing market, it could be a match made in heaven for ERR investors Get the message out there — make sure everyone knows about ERR and share this article by clicking the buttons below:.
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As a result, GitHub missimfis/unidate: Java Web App Dating Plattform should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to Online dating new delhi SLIDES: Schrader Electronics Building a PLM Skyscraper with Aras this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at Introducing the Uber of dating apps IOL finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. Online dating is proving its initial doubters wrong. Especially when you consider that there are hundreds of millions of singles looking for a date across the globe — and they are increasingly using online dating sites and mobile apps.
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