Dating app Grindr sells majority stake in Chinese company

Jan

13

2016

The New York Times reported that the Chinese game company Beijing Kunlun Tech Company sixty percent of the shares obtains Grindr, the dating app for gay men. This would be the first time that the company allows external investments.

grindr Other sources reports that the Chinese company has paid 93 million dollars for the share, which is equivalent of some 85 million euros. According to The New York Times, the remainder of the company owned by founder Joel Simkhai Grindr and other employees. The company would have needed a new partner to grow, so Grindr-coo Carter McJunkin says. Furthermore, let him know that in 2009 established company in the future will focus more on lifestyle. In an official statement are also “new features and services” announced.

According Yahui Zhou, chairman of Beijing Kunlun Tech, Grindr was an interesting option because the company’s impressive progress had been made. Thus Grindr in 2013 achieved a turnover of the equivalent of 23 million euros and in 2014 a turnover of the equivalent of 29.5 million euros. The number of daily users worldwide would be around two million.

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