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Bumble and Marie Claire Australia Honor Trailblazing Women with Glass Ceiling Awards

Australia
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Bumble is joining forces with Marie Claire Australia to launch the Glass Ceiling Awards, a celebration of powerful women in business who are breaking gender barriers and furthering equality in the workplace. The awards, scheduled to be held on June 19 in Sydney, will be presented in conjunction with Estée Lauder Companies.

Nominees will compete in eight prize categories for individuals and businesses:

Tantan Dating App Removed from Chinese App Store

China
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Tantan, the popular dating app often referred to as China’s Tinder, was recently removed from the Chinese app store in an effort by the government to “clean up content in cyberspace,” according to ZDNet.

There were no specifics given as to why the app was removed, but the company issued a statement saying that it is complying with the government’s requirements. The app was removed from both the Apple and Android stores in China.

Momo, Tantan’s parent company, also issued a statement saying it was "proactively communicating with the relevant government authorities" and will "fully cooperate" to restore the app's availability "as soon as possible," according to Yahoo! Finance. Shares of the company tumbled after the app’s removal.

Chinese Company Must Sell Grindr by End of June 2020

China
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Beijing Kunlun Tech, a Chinese company which owns the popular dating app Grindr, will now be forced to sell it by June 2020, according to a report by CNN.

Beijing Kunlun Tech owns 60% of Grindr, a popular dating app in the LGBTQ community. Last year the company was planning to take the app public but was stopped when the Committee on Foreign Investment in the U.S. (CFIUS) intervened. The U.S. government agency oversees purchases of businesses by foreign entities and expressed concern that the national security of the U.S. would be threatened by the acquisition of the dating app by a Chinese tech company, because of the sensitive user information it had access to.

Private School Dating App Toffee Launches In Australia

Australia
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Toffee, the UK-based dating app aimed exclusively at privately-educated singles, is beginning its international expansion with Australia. The app was widely criticized as elitist when it launched in the UK last April, but shows no sign of slowing down in the face of controversy. Toffee will become available for Android users in September, followed by the Australia launch in November. Additional international rollouts are planned over the next 12 months.

Founder Lydia Davis insists Toffee was not born out of snobbery. “I’ve found that people from similar backgrounds tend to stick together,” she told Vogue earlier this year. “It was never our intention to be elitist. Schooling is a big part of people’s lives – 10 years of their childhood. It doesn’t define them, but it is part of their identity. It’s just one of many things people might have in common.”

Tinder to Launch a New Scaled-Down App Tinder Lite

China
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Tinder plans to launch a new, scaled-down version of the app called Tinder Lite.

According to Tech Crunch, the new app is catering to markets where bandwidth, data usage and storage space have all been challenging, which means customers to pay a premium for access to mobile data. Some of the regions Tinder is targeting include India and Southeast Asia, where parent company Match Group has appointed three new executives and dedicated more resources to growing its brands.

Tinder Lite was initially mentioned in an investor call according to Tech Crunch. However, Match Group CEO Mandy Ginsberg shared few details about the launch or the app. There was no specific date mentioned, and no details about what features would be removed, but likely the trademark swiping and matching would remain as key elements of the Tinder Lite experience.

Match Group Stock Awards Payment Could Help Tinder Co-Founder’s Lawsuit

China
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Match Group recently paid $9 million in stock awards to Tinder employees, thanks to the stellar growth of its most valuable dating app. But this good news could sour for the online dating giant if it helps former Tinder execs win their lawsuit, led by Tinder’s co-founder Sean Rad.

Rad and other former Tinder employees filed a lawsuit against Match Group last year, claiming it devalued Tinder stock options to avoid paying them billions in stock. The new hefty $9.4 million payout to current Tinder employees, based on the popular dating app’s performance over the last year, could be an indication that Match Group might have undervalued Tinder, as Rad argues in the lawsuit.