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Follow Laura on Twitter @lauraliuhe." data-title="Laura He" data-html="true" data-template=" Shares of Baihe.com, which owns China’s largest online dating website, plunged by almost half after the site was accused of failing to verify personal information about a woman who allegedly drove her ex-husband, a successful technology entrepreneur, to suicide.
Su Xiangmao, 37, the founder of the Skype-like We Phone app, killed himself last Thursday and left a note accusing his ex-wife of lying when they met through jiayuan.com’s VIP service and blackmailing him when their one-month marriage ended.
Jiayuan has more than 170 million registered users and 107 physical stores providing matchmaking services.
In December 2015, Baihe acquired the Nasdaq-listed firm in a deal that valued it at about US0 million.
“For example, many Chinese still consider ‘dating’ a much greater commitment than their US counterpart. They were married 99 days after their first date, and just had their first baby.
Going out with more than one person is not socially acceptable for many.”Does it work?
He said We Phone would suspend its services after his death.
The suicide note has been widely circulated on China’s internet, topping the news search on Weibo on Wednesday.
Su Xianglong, the brother of Su, said on his verified Weibo account that Zhai had lied about her marriage history, while jiayuan had failed to verify her the information in her profile.Its half-year net profit reached 88 million yuan, swinging from a net profit loss of 60 million yuan in 2016.China’s online dating market has been growing at a rapid pace.It later recovered some ground, closing 19 per cent lower at 5.68 yuan.On Thursday morning, the stock fell further, down 37 per cent to trade at 3.6 yuan.