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The acquisition was done under Tutor.com, another educational site owned by Match Group.

If you haven't been following Match Group too closely, you'd probably be asking why a company dedicated to dating services would want to also run an educational service.

I look forward to helping the company invest and grow its operations in the region," Paktor Group, which runs a dating app, quoted Koo as saying in a statement.

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Prior to joining Jiayuan, Koo was an equity research analyst at Piper Jaffray, Oppenheimer & Co., and Pacific Epoch, covering China online games and media.

Singapore start-up Paktor Group has appointed Shang-Hsiu Koo as its Chief Financial Officer (CFO).

Koo brings to Paktor Group more than 10 years of executive experience working with both public and private companies across the digital and financial sectors.

Deutsche Bank said in a research note that Match Group Inc (NASDAQ: MTCH) remains one of its top picks in the smid-cap internet sector.

The firm believes the outlook is even brighter, as the stock performed sluggishly post the IPO.

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