Chinese dating that is gay BlueCity dedicated to Asia after IPO

Chinese dating that is gay BlueCity dedicated to Asia after IPO

Chinese gay relationship software BlueCity centered on Asia after IPO

BEIJING (Reuters) – Asia’s biggest gay app that is dating owner BlueCity is concentrated on expanding in Asia, its founder stated on Wednesday after it made its Nasdaq first despite a U.S. securities regulator warning against opportunities in Chinese businesses.

BlueCity , which states its Blued app currently gets the biggest share of the market in Asia, Asia, Southern Korea and Vietnam, raised $84.8 million in a short general public offering which valued the Beijing-based business at $614 million.

“we shall make further expansion after in-depth assessment,” BlueCity’s founder and leader Ma Baoli stated whenever expected in the event that business would turn its focus to Western areas.

U.S. Secretary of State Mike Pompeo month that is last stock exchanges globally to tighten up guidelines for Chinese businesses.

Started last year, BlueCity states it offers 49 million new users much more than 210 nations, and 6 million month-to-month active users (MAUs), 49% of them outside Asia.

Although Asia recently banned 59 apps that are chinese including Bytedance’s TikTok and Tencent’s WeChat, after edge clashes with Asia, Blued had not been regarding the list.

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