BUSINESS TIMES - Sep 7 - Grindr is planning an IPO overseas. Grindr owner, Beijing Kunlun Technology, did not publicize where or when the IPO will take place. The LGBT community continues to thrive in China. Rela is one of the most popular social networking platforms that cater to the LGBT community in China. During its peak, the platform had ~5M registered users. Blued, the country's second-largest social network for the LGBT community claims to have 27M registered users. Based on the latest data, the Chinese LGBT population currently stands between 70M to 90M. The Chinese LGBT community has an annual purchasing power that stands at a massive $938B in 2017 alone.
by Vera Dee
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