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Social networking site in China, first mover! - seeks investment!
Posted by: Christian Dennis-Rajkai on 5/28/2008 2:38:00 AM
Funding Needed:
$250k - $500k 		Category:
Media / Communication & Networking 		Website :
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Location :
Beijing, China 		Viewed : 197 times
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Description:
ClubBeautiful is an online social community and dating site targeted to the fast growing internet market in China. The concept of Club Beautiful is a novel niche focusing the upscale market of beautiful and attractive people exclusively, which is differentiating it from the competition of big mainstream dating sites and communities. Applicants are being voted in or out of the exclusive club through our unique rating module that are all user driven. Club Beautiful’s revenue model is based on membership subscription, online advertisement, and offline parities exclusively for beautiful people.

China’s current online dating market is huge with approximately 70 million users and 8 major online dating sites. However these sites are often too large and unfocused resulting in beautiful people waste their time manually going through databases in search of somebody close to their ideal match. Also, approximately 47% of all online profiles on existing Chinese online dating sites are either fakes, inaccurate or doctored; meaning that when they finally find somebody there is a 50% risk of wasted efforts. Club Beautiful addresses these problems by offering beautiful people a filtered site for them to network and date on by ensuring the attractiveness and authenticity of all its members through its own Voting system and Verification processes.

The management team consists of four founding partners that collectively have about 50 years business experience in relevant fields, 33 years in internet business and 23 years of experience doing business in China, who are all on the board of directors. In total RMB 750,000 has been so far invested into the project by the founders.

Club Beautiful’s site is currently operational in a beta version ready to scale up. The investment of RMB 4.2 million would be used for marketing, building a core team and developing the website and database for the next two years.

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