Chinas Beijing Kunlun to relaunch gay dating app Grindr IPO

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Chinas Beijing Kunlun to relaunch gay dating app Grindr IPO

US officials had earlier feared that people with American security clearances who use the app could be blackmailed if China's Chinas Beijing Kunlun to relaunch gay dating app Grindr IPO demanded user data from Kunlun Tech, The Wall Street Journal reported in March, citing unnamed sources.

Grindr will be listed on a stock exchange outside China, with the timing of the move to be decided according to overseas capital market conditions, Beijing Kunlun said in a filing to the Shenzhen stock exchange. An IPO, or initial public offering, is the process of a company listing its stock on publicly traded markets.

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According to the latest report by Coolchuan, an app tracking platform, gay social-networking apps have been downloaded at least 40 million times in China during the first half of Gay men reveal the fetishes they don't want others to know about.

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  • But users began noticing last week that the app, along with its Twitter-like Weibo account and website, was no longer accessible, according to users posting on Weibo under the hashtags rela and relahasbeenblocked.
  • Chinese Internet game developer Beijing Kunlun Tech Co has purchased a controlling stake in US gay dating application Grindr to broaden its product portfolio and add new revenue streams. Consequent to the announcement, Beijing Kunlun shares climbed by the maximum daily 10 percent limit on Tuesday to
  • Beijing Kunlun Tech Co.

Arrow Artboard Created with Sketch. We do not guarantee individual replies due to extremely high volume of correspondence. The ability to write precisely and urgently is crucial for these roles. The process becomes official when a company files a form S-1 with the Securities and Exchange Commission to register their securities with the agency.

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Chinas Beijing Kunlun to relaunch gay dating app Grindr IPO

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