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In May 2017, then boasting 5 million customers, the app was reportedly shut down by regulators, with the exact reason never officially specified. The app returned a 12 months later, launched with the same Chinese name by Hangzhou Re Lan Network Technology. The firm has raised greater than USD a hundred thirty million from buyers together with Crystal Stream and DCM and intends to expand its business abroad. Blued is looking for a US initial public providing that could increase around USD 200 million and worth the company at round USD 1 billion, Bloomberg reported in August 2019. Jimu, whereas nonetheless a distinct segment player, combines a raft of features in a single app.
It matches customers based on a character test, focusing on young users. Soul has closed a Series C spherical of an undisclosed sum last year, with backers together with GGV Capital, Morningside Venture Capital. Investors flocked to the fast-growing platform—the firm raised more than USD 120 million from enterprise capital companies together with Bertelsmann, Genesis Capital, DCM Ventures. In 2018, it was acquired by Momo, the most important location-based social platform, and a relationship app in its personal proper, in China.
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Zhenai also touts its livestreaming function, which permits the direct digital face-to-face chat to facilitate potential relationships. If one seeks assist from an expert matchmaker, the six-month service is priced at RMB four,999 . A month-to-month premium service prices RMB 20 (USD 2.8), which allows a person to submit longer videos, set filters for matches, and enjoy more digital decorations. The app, like many different courting apps in China, underwent a wave of strict regulation in 2019 but made a comeback after clean-ups. In March, two employees of Soul have been arrested after posting pornography on a competitor’s platform, Uki, KrASIA reported. Soul was launched in 2015 by Shanghai-based Renyimen Technology.