A Chinese company bought US- based gay dating app Grindr

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Kunlun is one of China's largest mobile gaming companies.

A Chinese company bought US- based gay dating app Grindr

Chinese companies have been expanding the presence in the US social media and technology market. The expansion was an effort to counter Chinese minority investments in Silicon Valley companies that gave investors an early look at emerging technologies. Alejandra Reyes-Velarde.

Grindr has already faced questions about its control and use of personal data. Topics China Apps Investment. Brand Publishing. Best known as a hook-up app for men, Grindr has 3.

Большому A Chinese company bought US- based gay dating app Grindr

Grindr, which is based in Los Angeles, is a hugely popular dating network for lesbian, gay, bisexual and transgender people, with more than 27 million users globally. The US government says a Chinese gaming company's ownership of the gay dating app Grindr poses a national security risk, A Chinese company bought US- based gay dating app Grindr to a report from Reuters.

Three years ago, a Chinese firm that owns both gaming and credit services businesses, Beijing Kunlun Tech Co. It went public last year and employs more than 1, people, according to its website. Log In.

  • The US government says a Chinese gaming company's ownership of the gay dating app Grindr poses a national security risk, according to a report from Reuters.
  • But now that the deal is closed, Simkhai has left the company.
  • The Chinese owner of gay dating app Grindr plans to list the firm publicly after US authorities abandoned their opposition to the move.
  • A Chinese gaming firm has bought a controlling stake in the hugely popular US gay dating app Grindr, despite homosexuality remaining a sensitive subject in the Asian giant.

The United States has also embarked on a global campaign to block a big Chinese telecom equipment giant, Huawei, from building the next generation of wireless networks, known as 5G, over concerns that it could divert critical data through China, or be forced to turn over data running through its networks to Beijing.

More on this story. These are external links and will open in a new window. Grindr's founder and chief executive officer, Joel Simkhai, stepped down in after Kunlun bought the remaining stake in the company.

Is Trying to Force It to Sell. The company collects personal information submitted by its users, including a person's location, messages, and in some cases even someone's HIV status, according to its privacy policy.

A Chinese company bought US- based gay dating app Grindr

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  • Jul 30,  · The Chinese owner of gay dating app Grindr plans to list the firm publicly after US authorities abandoned their opposition to the move. Kunlun Group suspended plans for . US Is Forcing a Chinese Firm to Sell Gay Dating App Grindr Grindr has access to sensitive user data, including sexual preferences, geolocation, and HIV status—a potential gold mine for blackmailers.
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  • The Chinese owner of gay dating app Grindr plans to list the firm publicly after US Kunlun bought a % stake in the app in from its US founders ownership of the US-based company posed a national security risk. Why is Chinese ownership of a gay dating app a major national security issue CFIUS's decision to pursue Grindr (which was acquired for the.
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  • US Is Forcing a Chinese Firm to Sell Gay Dating App Grindr Beijing Kunlun Tech acquired a 60 percent stake in Grindr in For example, the popular video-sharing app TikTok is owned by the Beijing-based company. Chinese gaming company Beijing Kunlun Tech Co Ltd said on in the United States (CFIUS) to sell popular gay dating app Grindr, setting a June deadline to do so. It bought out the remainder of the company in
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  • Chinese gaming company Beijing Kunlun Tech is seeking to sell Grindr after a U.S. to sell Grindr, the popular gay dating app it has owned since , after a U.S. California-based Grindr constitutes a national security risk, the two sources said. It bought out the remainder of the company in Grindr, the gay dating app, is owned by a Chinese company. Shenzhen stock exchange, bought a 60 percent stake in Grindr, which is based.
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