The gay dating app owned by Chinese gaming company

Directory of sites. To ex-employees, Chen seemed to be laser focused on user activations and did not seem to appreciate the social value of a platform that serves as a lifeline in homophobic countries like Egypt and Iran. The U. Startups Tencent-backed streamer Douyu stumbles in Wall Street debut.

Grindr and Cowen declined to comment. Do you have critical gaps in your coverage?

Real Estate. The investment, which marks the first time Grindr has raised capital from an outside investor, gives Beijing Kunlun Tech Co. The loss of the information forced the C. Grindr, launched inalso has faced competition from apps like Scruff and Tinder since then. Kunlun representatives did not respond to requests for comment.

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Your trial period has expired You need a subscription to 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.

Logout Cancel. Do you have critical gaps in your coverage? The 'Grindr' app logo is seen amongst other dating apps on a mobile phone screen. Jumpstart Your Business.

Yes, I want to receive the Entrepreneur newsletter. The United States has been increasingly scrutinizing app developers over the safety of personal data they handle, especially if some of it involves U. Zhou has served as the chairman and chief executive officer of Beijing Kunlun since March , and an executive director and general manager of Beijing Kunlun from March to March Reuters didn't say what specific issues CFIUS raised, but the US government has worried in the past that companies in China could help the Chinese government spy on users.

The gay dating app owned by Chinese gaming company

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  • Chinese gaming company buys major stake in gay dating app Grindr. The world famous and revolutionary app allowing gay men to meet each other has found a​. Chinese gaming company Beijing Kunlun Tech said it would revive plans for an initial public offering of popular gay dating app Grindr after a U.S. national $93 million and bought out the remainder of the company in
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  • A Chinese company that acquired gay-dating app Grindr has to sell it off after the US government labeled the company a national security risk, Reuters reported Tuesday. Chinese gaming company. Mar 28,  · The Committee on Foreign Investment in the United States is forcing a Chinese company to sell its stake in Grindr, a gay dating app, over national security concerns.
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  • Chinese gaming company Beijing Kunlun Tech is seeking to sell Grindr, the popular gay dating app it has owned since , after a U.S. The Chinese parent company of gay social networking app Grindr has stock exchange on Monday, Beijing-based gaming company Kunlun Tech of the app​, but has increased its scrutiny of foreign-owned technology.
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  • Mar 27,  · Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since , after a U.S. government national security panel raised concerns. Aug 30,  · Grindr, the gay dating app owned by Chinese gaming company Kunlun Group, has received approval from its parent’s executive board for an overseas public listing.
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