During the end of February, a firestorm ignited at the intersection of cultural and entertainment circles. Xiao Zhan became the center of heated discussion on social media.
Blued, China’s largest gay-dating app for men, is planning a US IPO that could raise about $200 million.
Chinese gaming company Beijing Kunlun Tech announced on July 29 that the company is relaunching the process to float popular gay dating app Grindr. Kunlun decided to revive its plans for an IPO after a U.S. national security panel dropped its opposition to the plan.