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Follow Laura on Twitter @lauraliuhe." data-title="Laura He" data-html="true" data-template=" Shares of Baihe.com, which owns China’s largest online dating website, plunged by almost half after the site was accused of failing to verify personal information about a woman who allegedly drove her ex-husband, a successful technology entrepreneur, to suicide.
Su Xiangmao, 37, the founder of the Skype-like We Phone app, killed himself last Thursday and left a note accusing his ex-wife of lying when they met through jiayuan.com’s VIP service and blackmailing him when their one-month marriage ended.
Baihe.com’s shares dropped sharply on Wednesday after Su’s death sparked fierce online debate about whether dating sites should be held accountable for verifying members’ data, with many blaming for not doing so in Zhai’s case.
The stock traded as low as 3.6 yuan, down 48 per cent, on the National Equities Exchange and Quotations, China’s over-the-counter stock market for start-ups.
In response to the tragedy, issued a statement last weekend on its official Weibo account.
“After verifications, [we found that] the late We Phone founder Su Xiangmao and his ex-wife Zhai Xinxin are both jiayuan.com’s members and have completed real-name authentication respectively, ” the statement said.
The suicide note has been widely circulated on China’s internet, topping the news search on Weibo on Wednesday.We connect you with thousands of singles, women and men internationally looking for friendships, dating and long term relationships. - Truly 100% free: We don't charge for anything, ever.Sign up today to browse photo profiles and use chat and email to communicate with singles for marriage. - Free Private real-time chat: Allows you to have real-time dating chat with other members. We take this very seriously so you can see from where the user is logon and you can see if he in the country he said he live.The increase was driven by a rapid rise in revenues from its VIP matchmaking service.In the first half of 2017, Baihe registered a 137 per cent surge in revenues to 180 million yuan.