Dating app investment
Gay dating app Grindr has handed majority ownership to Chinese gaming company Beijing Kunlun World Wide Technology Co. for $93 million.
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This Singapore startup has brought technology to the oh so traditional investment banking industry and it is fast expanding.
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But the company has sought to play a bigger role, dating app investment, beyond matchmaking, in the lives of its users and the investment is aimed at accelerating that process. The couples were among hundreds who entered a high-profile online contest offering an all-expenses-paid American dream diahann-carroll.info Tuesday, they wed at the West Hollywood Library. Kunlun went public on the Chinese stock market about a year ago.
The company relies on mobile games aimed at Chinese consumers for most of its revenue. Kunlun has been making investments in China and across the globe as the mobile games market at home begins to flatten out.
Among its recent investments are a groceries delivery company, a livestreaming app and an online electronics shop. The investment is noteworthy because Chinese authorities do not recognize same-sex marriages or civil unions, and being publicly gay remains taboo in China.
But Chinese gay rights activists have scored some recent victories, and the increased pressure may begin to open some doors, activists have said. Grindr Grindr The dating app Grindr helps men connect with other men through online dating app investment. The dating app Grindr helps men connect with other men through online profiles. Grindr Paresh Dave Contact Reporter. Grindr had been exploring a sale or fundraising round for much of last year.
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