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Chinese Gaming Billionaire Buys U.S. Gay Dating App Grindr

Certainly one of China’s newly minted technology billionaires signed a deal to get a managing stake in Grindr, the world’s biggest social-networking app that is gay.

Beijing Kunlun Tech Co., A internet games business that helped introduce Angry Birds to Asia, offered $93 million in money for 60 % of brand new Grindr LLC, the ongoing business stated in a declaration to your Shenzhen stock market. Beijing Kunlun Chairman Zhou Yahui, whom became a billionaire after the company detailed stocks year that is last ended up being scouting other possible assets when you look at the U.S., in accordance with a business spokeswoman, Sophie Chen.

Zhou, well worth $1.7 billion based on the Bloomberg Billionaires Index, has overseen seven discounts for Kunlun since April — including Grindr and a minority stake in Uk mortgage company LendInvest Ltd. The addition associated with mobile software Grindr will broaden its profile of services and produce a brand new way to obtain income, the organization stated.

In February, designer Rovio Entertainment Oy said it finalized a unique cope with Kunlun to produce a type of the hit mobile game frustrated wild Birds tailored for Chinese players. Kunlun also offers circulation liberties for Supercell Oy’s Clash of Clans and Boom Beach, and Electronic Arts Inc.’s requirement for Speed, based on Chen.

Changing Tradition

“Grindr may be the platform that is top their area and it is mostly referred to as data-driven, as well as for their great individual base,” Chen stated within an email. 继续阅读Chinese Gaming Billionaire Buys U.S. Gay Dating App Grindr