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Chinese company purchases almost all gay relationship software Grindr

Chinese company purchases almost all gay relationship software Grindr

A Chinese video gaming company has purchased a controlling stake when you look at the hugely popular US homosexual dating app Grindr, despite homosexuality remaining a sensitive and painful topic when you look at the giant that is asian.

Grindr, which calls it self “the largest system for gay guys in the field”, has scores of users globally. It’s celebrated for assisting hook-ups, helping possible lovers connect via photos, texting and location details.

Its search requirements consist of body type, ethnicity or “Tribe”: Bear, Clean-Cut, Daddy, Discreet, Geek, Jock, Leather, Otter, Poz, tough, Trans or Twink.

Beijing Kunlun Tech’s soared 10 percent—their daily limit—on the Shenzhen stock market on Tuesday after it announced the $93 million deal.

Grindr has already been for sale in Asia, plus in a declaration towards the exchange Kunlun Tech—one of Asia’s biggest developers and operators of on line games—suggested it may be thinking about the business colombian cupid app just as much for its networking technology, in terms of its niche that is particular specialisation.

“This investment in a networking that is social will further increase the business’s strategic design into the worldwide Internet market,” the declaration stated. Continue reading Chinese company purchases almost all gay relationship software Grindr