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Laura He is a senior correspondent based in Hong Kong. Previously, she worked as Asia financial correspondent for Market Watch, The Wall Street Journal Digital Network.
Before that, she wrote for Forbes in San Francisco on billionaires, venture capitalists and the emerging class of Chinese entrepreneurs.
Failure to deliver can occur in both equity and derivatives markets.
Whenever a trade is made, both parties in the transaction will have to transfer the cash and assets before the settlement date.
“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.Subsequently, if the transaction is not settled, one side of the transaction has failed to deliver.Failure to deliver also can occur if there is a technical problem in the settlement process carried out by the respective clearing house.Its half-year net profit reached 88 million yuan, swinging from a net profit loss of 60 million yuan in 2016.China’s online dating market has been growing at a rapid pace.