Chinese firm, Beijing Kunlun Tech, has bought a controlling stake in US-based gay dating app, Grindr.
The Chinese games developer has paid out $93 million for a 60% share of Grindr – the world’s largest gay social networking application, which hosts two million users daily.
“For nearly seven years, Grindr has self-funded its growth, and in doing so, we have built the largest network for gay men in the world,” said CEO Joel Simkhai said in a blog post.
“We have taken this investment in our company to accelerate our growth, to allow us to expand our services for you,” he continued, explaining that management and ownership would remain the same.
Grindr has grown immensely since it’s launch in 2009 and is now available in 196 countries. Despite Beijing Kunlun Tech’s acquisition, it is unclear if the app will be introduced in China.
While homosexuality was decriminalised in China in 1997, the country offers very few laws to protect LGBT people, and they still face widespread social discrimination.
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