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The word 'Paktor' originates from the Cantonese word for 'dating' (Chinese character 拍拖).
Paktor was first launched in Singapore in June 2013, when online and mobile dating was still in its infancy in Asia.
Despite the immature market, there was a lot of interest from consumers and according to a Paktor newsletter, there were 250000 matches in the first 2 weeks of 2014 making Paktor the #1 social networking app for singles in Asia. In November 2017, Paktor Group appointed co-founder and chief technology officer Ng Jing Shen as CEO of Paktor Group, taking over from current CEO Joseph Phua.
Phua will remain the group CEO of M17 Entertainment which was formed after the merger of Paktor and 17 Media.
In December the same year, the company announced that it has agreed to buy a controlling stake in Taiwanese start-up 17 Media.C.'s oldest continuously operated hotel, the hotel located across the street from the White House.On March 8, 2009, the Washington Post published a cover story about how more children of immigrants are seeking partners of the same ethnicity, and how Professionals in the City is catering to this societal change by expanding "its repertoire of lectures and wine-tastings over the past year to include 'speed dating' nights for people of Asian, Latino or South Asian descent." On March 20, 2009, in a feature that also included Oprah Winfrey and Suze Orman, ABC News filmed a Professionals in the City speed dating event to speak with singles about how the declining economy affected singles' dating choices.With relatively little competition in Southeast Asia, GDI assesses that the app to have huge potential, crediting the CEO for having ‘expertly navigated’ the Southeast Asian market with multiple countries each with different cultures, dating habits and languages.In October 2015, Paktor hired two former Meetic senior marketing executives, Jose Ruano and Miguel Mangas, spearheading overseas expansion efforts outside of Asia.