Gay dating app Grindr has always been regarded as certainly one of the fantastic “bootstrapping” success tales associated with the tech world, self-funded from inception through several years of dramatic growth. It was therefore surprising to understand business sell off 60 per cent of the stocks to a massive corporate investor for a cool $93 million.
It is also more incongruous that the investor is Beijing Kunlun Tech business, a video video gaming company from China… where homosexuality had been categorized as being a psychiatric condition until 2001 while the BBC reports “gay people state they nevertheless face extensive social discrimination.”
VentureBeat notes there has, as of yet, been no statement of Grinder expanding operations into Asia, which can be regarded as a huge development market by outside social media marketing providers. Needless to say, it is feasible Beijing Kunlun saw Grindr as being a lucrative global investment, whether or not the application does not expand in to the market that is chinese. „Chinese Business Buys Majority Stake In Gay Dating App Grindr For $93M“ weiterlesen
