DATETIX'S ASIA AFFAIR LOOKS PROMISING
Written on the 22 August 2016 by Laura Daquino
DATING company DateTix Group (ASX: DTX), which now operates three businesses, is laying solid groundwork in Asia for more than a love affair.
"We are excited about positioning Lovestruck as a high-end premium brand as we expand into the $1.9 billion dating services market in China, where we believe the upper-end of the market is still being underserved by the numerous existing mass market dating services in the country," says Ye.
DateTix's third service is the more expensive Matchmaking, which charges about $3000 per client for 12 months. It's heavily focused on Shenzhen and Hong Kong, and sets up those looking for serious relationships and marriage.
"Compared to the Hong Kong or the US, which are much stricter and you have to be a much bigger company, the ASX is much more flexible in allowing young companies to use it as a vehicle to raise finances."
DateTix is trading up more than 6 per cent on the ASX today at 35c per share.