A chinese tech company has completed its purchase of grindr. Beijing kunlun finalized their purchase of a 60% stake in the gay dating app grindr in january 2016. Grindr ceo and founder departs as chinas kunlun completes. San vicente acquisition partners a group of entrepreneurs and investors in the technology, media and telecommunications industries will acquire a 98. Chinese gaming company beijing kunlun tech said it would revive plans for an initial public offering of popular gay dating app grindr after a u. Grindr to be listed outside of china hong kong reuters chinese gaming company beijing kunlun tech co ltd 300418. Nearly two years to the day after its majority investment in grindr, chinabased tech firm kunlun group has fully acquired the gay dating app. Chinese gaming company beijing kunlun tech agreed to sell the popular lgbt dating app grindr, a year after u.
Reuters chinese gaming company beijing kunlun tech co ltd said on monday that it was in talks with u. Grindr, the popular dating and social networking app for gay men, has found itself a match. Kunlun said in a regulatory filing it would shut down grindr s china. Chinese gaming company beijing kunlun tech co ltd is seeking to sell grindr llc, the popular gay dating app it has owned since 2016, after a u. Grindrs chinese owner says to sell social media app for. Grindrs chinese owner beijing kunlun tech must sell gay. Kunlun is an internet group that is dedicated to the development of interactive platforms and applications for global user groups. Beijing kunlun tech is seeking to sell grindr after a u. Mar 06, 2020 the chinese tech company that owns grindr has reportedly reached a deal to sell the popular gay dating app as required by us officials. Jul 30, 2019 beijing kunlun tech is revisiting plans to list gay dating app grindr after winning approval for the ipo from a us national security panel, according to a stock exchange filing from the parent on. According to a report in reuters, grindrs owner kunlun is looking for a buyer of the. Chinas kunlun completes full buyout of grindr techcrunch.
Chinas kunlun acquires gay social network app grindr for. Mar 06, 2020 the sale comes after the committee on foreign investment in the united states expressed security concerns about beijing kunlun tech s ownership of grindr last year. By echo wang reuters chinese gaming company beijing kunlun tech co ltd said on monday it had agreed to a request by the committee on foreign investment in the united states cfius to sell popular gay dating app grindr, setting a june 2020 deadline to do so. Chinese company sells grindr dating app business of apps. Chinas beijing kunlun to revisit grindr ipo firstpost.
Hong kongnew york reuters chinese gaming company beijing kunlun tech co ltd. The company has planned and finalized to sell grindr which is a popularly known gay dating app. Get in touch here about general support issues, press inquiries, advertising, careers, into submissions, grindr for equality, legal matters, and more. Grindr is a geosocial networking and online dating application geared towards gay, bi and trans people. Kunlun tech reaches agreement with us agency prohibiting it from accessing information about grindr users and requiring sale of app before june 30 next year. The app makes use of a mobile devices geolocation, a feature of. Kunlun to divest grindr llc grindr, the dating app kunlun acquired in 2016. Much of the popular press is focusing on the seemingly remote connection between a popular dating platform for gay, bi, trans, and queer.
The move follows us authorities pushing for divestment of beijing kunlun tech. Chinese firm buys 60% stake in gay dating app grindr. A chinese online gaming company is hooking up with the popular gay dating app grindr. Grindr owner beijing kunlun tech to relaunch the apps ipo process, saying that cfius had dropped its opposition. Grindr dating app to be sold by chinese owner kunlun. Kunluns decision came after reuters reported in march that cfius, an interagency government committee that scrutinizes acquisitions. China tech firm eyes ipo for gay dating app grindr. Chinas beijing kunlun to revisit ipo for dating app grindr. Aplikasi grindr hadir dalam versi gratis dan berbasis langganan yang terakhir disebut grindr xtra, aplikasi ini menggunakan lokasi perangkat seluler untuk menemukan pengguna lain yang ada di dekatnya. Download grindr today to discover, connect to, and explore the queer. One of the biggest and widely popular chinese based gaming company namely beijing kunlun tech stated a statement this friday that they have agreed to sell one of their assets namely grindr. The news comes seven months after grindr revealed it would be selling itself outright to kunlun. Grindr sold by chinese owner after us raised national. Kunlun also agreed to keep grindr s headquarters in the united states, to put at least two u.
May 14, 2019 beijingbased kunlun tech co ltd said in a filing with the shenzhen stock exchange in southern china that it would sell grindr by june 2020. Grindrs chinese owner beijing kunlun tech to sell gay. The move comes as china and the us restarted talks to resolve a bruising war which includes a side skirmish in technology. Grindr said in a blog post that it has taken on a majority investment from beijing kunlun tech co. Section 230 was meant to encourage free speech online, while allowing moderation to occur. The company announced on friday that it will sell the app after acquiring it in 2016. Mar 10, 2020 the chinese firm that holds a majority investment in popular lgbt dating app grindr has sold the business to a tech and media investor. Chinas kunlun tech revives grindr ipo globalcapital. China tech firm to sell gay app grindr after us pressure. Chinese firm buys majority of gay dating app grindr hong.
Kunlun has already been working with investment bank cowen inc to solicit acquisition interest in grindr, reuters has reported. The beijing kunlun tech company added the gay dating app to its portfolio in an effort to expand its reach on a global scale. But, reuters reports, the chinese firm didnt clear the acquisition with the agency known as the. Beijing kunlun tech acquired a 60 percent stake in grindr in 2016 and bought the rest in 2018.
Over the last 18 months, grindr has faced a federal investigation, layoffs. The hot potato game of who owns grindr is up in the air again. Cfius is reportedly concerned about owner beijing kunlun tech s. Cfius undoes chinas kunlun techs acquisition of grindr. New york chinese gaming company beijing kunlun tech co ltd is close to signing an agreement to sell grindr llc, the popular gay dating. Chinese gaming company beijing kunlun tech says it will revive plans for an initial public offering of popular gay dating app grindr after a u. The panel, the committee on foreign investment in the united states cfius, has not disclosed its concerns about kunlun s ownership of grindr. Grindr sold by chinese owner amid us security concerns.
Grindr is the worlds largest social networking app for gay, bi, trans, and queer people. Gameark focus on internet gaming and opera focus on global internet. Us is forcing a chinese firm to sell gay dating app grindr. Jan 30, 2020 aplikasi ini dikembangkan oleh beijing kunlun tech dengan menggunakan platform ios dan android. The chinese owners, beijing kunlun tech, had bought 60 percent of grindr in 2016 and completed the buyout early last year.
Chinese gaming company beijing kunlun tech co ltd said on monday it would revive plans for an initial public offering ipo of popular gay dating app grindr inc, after a u. Grindr has been sold by its chinese owner after the us. This new version also adds iphone 5 apk support, so users on newer ios devices such as the iphone 5 how longer see black bars along the top and bottom of the screen when using the app. Grindr was launched as an ios mobile app on march 25, 2009 by tech. Kunlun said in a regulatory filing it would shut down grindrs china operations and would not send any sensitive user data to china, in an effort to address concerns over data privacy. It runs on ios and android and is available for download from the apple app. Cfius undoes chinas kunlun tech s acquisition of grindr admin1 27 march 2019 cfius concerns stems from the fact that the chinese dating app collects personal information including a persons location, messages, which could include potential data of the u. Grindr comes in both free and subscriptionbased versions the latter called grindr xtra. The company on monday said it had sold a majority stake to the beijing kunlun tech company, a chinese. As of grindrs fifth anniversary on march 25, 2014, the app was averaging more than 5 million active monthly users worldwide.
The sale comes after the us government expressed national security concerns regarding beijing kunlun tech s ownership of the gay dating app. Grindr is already available in china, and in a statement to the exchange kunlun tech one of chinas biggest designers and operators of online games suggested it might be interested in. This means the massive gay dating app goes from the hands of beijing kunlun tech. The sale comes after the committee on foreign investment in the united states expressed security concerns about beijing kunlun tech s ownership of grindr last year. Grindr, the lgbtq social network and dating app, is now 100 percent owned by chinese mobile gaming company kunlun group. Kunlun also agreed to keep grindrs headquarters in the united states, to put at least two u. After selling the rest to the chinese social gaming company in january 2018, he was out, with new management reporting to kunlun headquarters in beijing.
Chinese gaming company beijing kunlun tech is seeking to sell grindr, the popular gay dating app it has owned since 2016, after a u. Apr 02, 2019 chinese gaming company beijing kunlun tech co ltd said on monday that it was in talks with us government authorities about whether it should continue to own popular gay dating app grindr llc. Grindr has been sold by its chinese owner after the us expressed. Jul 29, 2019 hong kongnew york reuters chinese gaming company beijing kunlun tech co ltd said on monday it would revive plans for an initial public offering ipo of popular gay dating app grindr inc. Chinese gaming company beijing kunlun tech said on monday it would revive plans for an initial public offering ipo of popular gay dating app grindr, after a u. Grindr information, statistics, facts and history dating. Beijing kunlun tech is revisiting plans to list gay dating app grindr after winning approval for the ipo from a us national security panel.
Seit januar 2016 ist grindr mehrheitlich im besitz des chinesischen unternehmens beijing kunlun tech. Meet eventbot, a new android malware that steals banking. Us pushes chinese owner of grindr to divest the dating app. One of the people working on a purchase of grindr is james lu, a. Beijing kunlun tech says it has agreed to sell gay. The deal is subject to approval by the committee on foreign investment in the u. The chinese tech company that owns grindr has reportedly reached a deal to sell the popular gay dating app as required by us officials. Kunlun is one of chinas largest mobile gaming companies. Kunlun had previously planned on conducting an ipo for grindr, but is now reportedly seeking to sell the service to either a usbased investment firm, or else one of its competitors. Hong kongnew york reuters chinese gaming company beijing kunlun tech co ltd said on monday it would revive plans for an initial public offering ipo of popular gay dating app grindr inc. The committee on foreign investment in the united states cfius is reportedly forcing beijing kunlun tech co. Grindrs chinese owner forced to sell service over us. Chinese gaming company beijing kunlun tech co ltd said on friday that it has agreed to sell grindr llc, a popular gay dating. Kunlun has two public companies, kunlun tech co listed she.
Download grindr today to discover, connect to, and explore the queer world around you. Grindr xtra apk chat premium unlocked download terbaru 2020. Grindr gay dating app chinas kunlun tech agrees to u. Jul 30, 2019 cfius had earlier ordered grindr to stop all operations in china, prompting kunlun tech to consider selling the app by end 2020, according to a company filing in may. Chinese gaming company beijing kunlun tech said it would revive plans for an initial public offering of popular gay dating app grindr after a. The move comes after a us government panel asked kunlun to divest grindr. A us government committee has pressured grindr s chinese owner to sell the lgbtq dating app over national security concerns. Sz said on monday it would revive plans for an initial public offering ipo of popular gay dating app grindr inc, after a u.
The acquisition comes after kunlun, listed on the shanghai stock exchanged, acquired a 61. Kunlun s control of grindr has fueled concerns among privacy advocates in the united states. Grindr sold by chinese owner after us raised national security. New york chinese gaming company beijing kunlun tech co ltd is close to signing an agreement to sell grindr llc, the popular gay dating app it has owned since 2016, to a group of investors, according to people familiar with the matter. Diese apps teilen unerlaubt private daten androidapps geben. Grindr sells stake to chinese company the new york times. The deal comes after a us government panel asked kunlun to divest itself of grindr. This also led kunlun to halt its plans for an ipo for grindr.
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