China gay dating app
Gay-dating app Grindr becomes latest victim of China, U.S. tensions
To that end, it entered into a letter of intent in June for a potential equity investment to acquire a Chinese lesbian dating app. As of March, Blued boasted 6 million monthly active users and 49 million registered users. It has attracted a loyal following in overseas markets like India, Korea, Thailand and Vietnam. Other monetization streams included advertising and memberships that gave users premium features in the app. The company began exploring health services for the LGBTQ community in recent years, offering everything from providing HIV consultancy to connecting clients with overseas surrogate mothers.
Some of the business risks BlueCity cited were government policies and negative public sentiment toward the queer community across different regions.
U.S. Orders Chinese Firm to Sell Dating App Grindr Over Blackmail Risk - WSJ
The proceeds from the public offering will go towards investment in new technologies as well as expansion in domestic and international markets, which currently account for about half of its monthly users. In , he quit his job to launch Blued, the gay dating app under the parent entity BlueCity. Early on, Blued was widely seen as a copycat of Grindr -- a Californian startup that was bought by a Chinese company before it was forced to sever ties over security concerns.
Blued has since devised numerous features to distinguish itself. Designed for users to chat and live broadcast, the app is primarily used by homosexual men, although it includes services for the broader LGBTQ population. To that end, it entered into a letter of intent in June for a potential equity investment to acquire a Chinese lesbian dating app. As of March, Blued boasted 6 million monthly active users and 49 million registered users. It has attracted a loyal following in overseas markets like India, Korea, Thailand and Vietnam. The majority of Blued's revenues come from virtual items sales during live broadcasting, which represented Other monetization streams included advertising and memberships that gave users premium features in the app.
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Grindr: Chinese parent company plans to list gay dating app
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