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The matchup between Jiayuan and Baihe’s Love World Inc.
is expected to close in the first quarter of 2016, after which Jiayuan will be removed from the NASDAQ.
Baihe will fund the deal through $23.4 million USD in cash, and private placement of shares or bank loans.
The matchup caps of a year of mergers and acquisitions between Chinese tech companies including giants Didi-Kuaidi, Meituan-Dianping and Ganji-58 Baihe has previously indicated they intend to list locally.
I find myself crouching on a small, circular platform, clutching a microphone, breathing heavily and trying to listen to the voices of the hosts and the previous contestant, but understanding nothing.
I'm surrounded by scaffolding, cables and stage machinery, dimly illuminated by fluorescent lighting.
announced on Monday that they will be acquired by a subsidiary of competitor Baihe Network Co.
in a deal that values the former company at around 0 million USD.
Suddenly the entire set starts to rotate around me and my insides begin to melt.
I feel like I'm trapped inside a Transformer which has just woken up.
One acquaintance told me in wonderment that Chinese women are great in the bedroom – as if I wasn't one – to being casually asked if I’d be interested in a guy “who has been with Chinese girls and likes it”.