Chinese company buys world's largest gay social network app

Updated 2017-05-25 16:30:30 chinaplus.cri.cn

A Chinese company has announced plans to hold a 100% stake in Grindr, the world's largest gay social network app, reports National Business Daily.

Beijing Kunlun Tech, an online gaming company, announced on Tuesday that it will buy another 38.47% stake in Grindr with 152 million US dollars.

Beijing Kunlun Tech bought a 61.53% stake in Grindr with 93 million US dollars in January 2016.

The new purchase will make the company the sole owner of Grindr.

The company announced that it will participate in the daily operating management of Grindr after the purchase.

Based in Los Angeles, Grindr matches its users based on their photos and locations. It has more than 27 million registered users from 196 countries, over 30% of whom are in the US.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 19 2017 04:06:41

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 19 2017 04:06:41

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 19 2017 04:06:41

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords