TECHNODE - Feb 8 - China's attitude toward GLBT community is improving. Chinese gay chat and hook-up app Blued has sealed eight-digit RMB strategic funding from the investment arm of The Beijing News, a state-backed newspaper group. Blued now supports 13 languages and has set up offices in Thailand, Vietnam, and the U.K. In December last year, Blued made a strategic investment with U.S. dating app Hornet in an attempt to make forays into North American and Latin American markets. The company is recording profits now thanks to thriving live streaming and mobile marketing businesses.
Update: YIBADA - Feb 10 - Blued raised $30M from The Beijing News.
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