Recently large Chinese firm Beijing Kunlun tech purchased a 60% controlling stake in the popular gay app Grindr. The chairman of the firm, Zhou Yahui, recently became a billionaire last year after the Chinese firms shares were officially listed.
The remaining portion of shares will continue to be owned by the companies founder Joel Simkhai and it’s employees. In a Grindr blog post this Tuesday Mr. Simkhai had the following to say, “For nearly seven years, Grindr has self-funded it’s growth , and in doing so we have built the largest network for gay men in the world”
According to Mr. Simhai the investment was taken as a step to drive it’s growth as is seen in his statement here, “We have taken this investment in our company to accelerate our growth, to allow us to expand our services to you”
What remains to be seen for members of our gay community in China is if this will indeed be the case. In China, many members of our community are worried about the discrimination which is still so prevalent there. With the purchase of such a large Chinese firm, it is possible that the apps presence will develop and grow within the country but as of yet nothing has been announced formally.
Time will tell if this will be a good move for our Chinese community members. We can hope that with such large investment into Grindr that it will be available in China in the near future. However, at this time there has been no official release. Furthermore, it remains to be seen how the social issues will be addressed if and when the application is made availa