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The government killed a proposed merger last year between MoneyGram, the money transfer firm, and Ant Financial, a payments company related to the Chinese e-commerce giant Alibaba. The main player in the Chinese market for gay dating apps is the homegrown Blued, which was started in by Geng Le, a former police officer.
This document is subject to copyright. It is unclear why the panel, known as Cfius, acted now, more than three years after control of the company switched to Chinese hands. Related: China's richest man buys Hollywood studio.
I would like to subscribe to Science X Newsletter. You can unsubscribe at any time and we'll never share your details to third parties. Learn more. Officials worry that the company would have "no choice but to share information" on Grindr users if Chinese authorities demanded it do so, the Journal said.
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