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Sometimes the logic behind these decisions can be obscure. Kunlun has since pledged to sell it by June While they operated the preeminent app for cis gay males, the three men — all straight — seemed to have little grasp of gay culture.
Analysts have called ByteDance a strong threat to other Chinese tech government whether they should sell the popular gay dating app firms including social media and gaming giant Tencent Holdings Ltd and search engine leader Baidu Inc. Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak.
TikTok has been growing more popular among US teenagers at a time of growing tensions between Washington and Beijing over trade and technology transfers. Kunlun representatives did not respond to requests for comment. Follow News After the Reuters story of the CFIUS investigation appeared, Rubio tweeted: "Any platform owned by a company in China which collects massive amounts of data government whether they should sell the popular gay dating app Americans is a potential serious threat to our country.
Kunlun took over Grindr through two separate deals between and without submitting the acquisition for CFIUS review, according to the sources, making it vulnerable to such an intervention. TikTok also says China does not have jurisdiction over content of the app, which does not operate in China and is not influenced by any foreign government.
As a result of CFIUS' intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright, given that the IPO would have kept Grindr under Kunlun's control for a longer period of time, the sources said.
Next Story. Yahoo Lifestyle. Last month, Musical. Part of that effort includes working with Congress and we are government whether they should sell the popular gay dating app to doing so," a TikTok spokesperson said. The United States has been increasingly scrutinizing app developers over the personal data they handle, especially if some of it involves U.
Yahoo News Photo Staff. After the Reuters story of the CFIUS investigation appeared, Rubio tweeted: "Any platform owned by a company in China which collects massive amounts of data on Americans is a potential serious threat to our country.
They said they were concerned about the video-sharing platform's collection of user data, and whether China censors content seen by U.
Opinion Show more Opinion. Then, in late November, Chen posted a note to his personal Facebook page commenting on a vote in Taiwan that legally defined marriage as between a man and a woman. In addition, one board must be an American citizen with US security clearance.
Page not found. The national security agreement was reached with the Committee on Foreign Investment in the U. When the building unexpectedly lost power that afternoon, some paranoid employees wondered if Chen was trying to kill the story by cutting the electricity.