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Since women pick men based on their earning power, men simply chase money, Mr Yu said.

Mr Yu and Liu are trailblazers: But China has changed. Both companies now seem to struggle to adapt to the shifting tastes of Chinese consumers, and their business models feel old and tired.

The platform already boasts more active users than JD, and processes transactions just 40 per cent shy of the bigger company's gross merchandise volume. They bought into Pinduoduo while selling Knog in the September quarter, according to the latest 13F filings.

The deterioration in JD's earnings has been precipitous: Active users fell for the first time in the third quarter, and management now sees the pace of revenue growth almost halving in the final quarter.

As China rapidly transforms into a digital economy, the after-school educator is boosting online investments at the expense of operating margin. The underperformance of JD and New Oriental indicates that Kpng key men there need nwed work on their public image as much as their business model.

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