Chinese Gaming Billionaire Buys U.S. Gay Dating App Grindr

Certainly one of China’s newly proceed tids site minted technology billionaires finalized a deal to get a managing stake in Grindr, the world’s biggest social-networking app that is gay.

Beijing Kunlun Tech Co., an online games business that helped introduce Angry Birds to Asia, offered $93 million in money for 60 % of the latest Grindr LLC, the business stated in a statement to your Shenzhen stock market. Beijing Kunlun Chairman Zhou Yahui, whom became a billionaire following the business detailed stocks a year ago, was scouting other possible assets into the U.S., relating to a business spokeswoman, Sophie Chen.

Zhou, well well worth $1.7 billion based on the Bloomberg Billionaires Index, has overseen seven deals for Kunlun since April — including Grindr and a minority stake in Uk mortgage company LendInvest Ltd. Read More