The service is limited to those of Asian descent, and men must pay to use it while women may register for free.
The company will use the funds to continue developing artificially intelligent matching systems, expand into Asia, launch an additional site, and add more entertainment features to the platform, reports Finesmes. We’re an all-volunteer effort of dedicated staff and interns.
The third explanation, which I think is probably most important, is driven by the economics of the online dating business.
Dating sites (and, for that matter, other online markets) are largely a fixed cost business.
Also backing the dating app is an internet advertising firm, Septeni.
East Meet East recently announced a partnership with DG Lab to use deep learning algorithms to improve user matches.
Check out our Facebook page and our Twitter feed, Please consider interning, joining our staff or submitting a story for consideration.
Economists Soohyung Lee and Muriel Niederle tried to help users be more credible in how much they were interested in a person on a Korean dating site.
False advertising, or misrepresentation, is standard in any marketplace; the dating market is no different.
While American dating sites have taken a laissez faire approach to lying, Asian dating sites have implemented serious measures to keep users honest.
A company has to design the site, the user interface, and the matching algorithm.
Though a site needs to add more servers as it grows, scaling is a relatively easy and low cost proposition if customers start arriving in large numbers.