Appropriate in the exact middle of Pride Month, the other day saw the master of a Chinese gay relationship application apply for initial general public listing on Nasdaq, having a 50 million offering size that is USD.
When regarded as a copycat of Grindr, Blued (pronounced вЂњblue-DEEвЂќ) has grown to become one of several biggest LGBTQ+ apps that are social the whole world with 49 million new users, far surpassing GrindrвЂ™s 27 million. ItвЂ™s launched numerous distinctive features, and recently jumped in the popular bandwagon of livestreaming вЂ” which includes become a primary supply of income.
Blued is not restricted to the market that is chinese either. 50 % of its monthly active users are from international areas, such as for instance Asia, Southern Korea, Vietnam, and Thailand вЂ” and it’s also eyeing further expansion of its international operations through the IPO of its parent business BlueCity Holdings. (more…)