Online LGBTQ platform BlueCity announced Wednesday that it has acquired Finka, a dating app for gay men in China, in a 240-million-yuan deal. The transaction is scheduled to close before mid-December.
Chinese gaming company Beijing Kunlun Tech announced on July 29 that the company is relaunching the process to float popular gay dating app Grindr. Kunlun decided to revive its plans for an IPO after a U.S. national security panel dropped its opposition to the plan.
