Asian alternative investment management group PAG has acquired a super-majority controlling interest in China’s most popular online dating site, Zhenai, which is 20% owned by U.S.-based Match.com. No financial details were disclosed in a company announcement. The deal is good news for Zhenai, after a previously announced backdoor listing and third-party investment fell through. This February, Zhenai said it was planning a back-door listing via a reverse merger with Shenzhen-listed DEA General Aviation Holding Co., Ltd. At that time, DEA …

PAG Buys Controlling Stake In Chinese Matchmaking Site Backed By Match.com appeared first on China Money Network.