Chinese Gaming Giant Beijing Kunlun Tech To Buy Grindr In Full
- Monday, June 26 2017 @ 09:33 am
- Contributed by: ElyseRomano
- Views: 1,601

After purchasing 62 percent of the gay dating app Grindr last year for $88 million, Beijing Kunlun Tech is shelling out another $152 million to buy the remaining percentage. The Chinese tech company is now the sole owner of Grindr, which reaches 27 million users in nearly 200 countries.
Unlike Taiwan, which recently legalized same-sex marriage, China affords few legal rights to LGBT citizens. Nevertheless, companies like Kunlun are beginning to realize the enormous potential of LGBT customers. Kunlun hopes to expand Grindr’s reach throughout Asia and take on China’s homegrown gay dating app, Blued.
“It is of strategic importance for us to fully engage in the daily operations of Grindr and make it our development milestone,” Kunlun said in a statement. “[With the deal], we also aim to be a world leading social media company in the future, and to expand our platforms into film, streaming and animation.”





