Online dating can be a great experience for singles but also has clear risks. Ultimate Guide to LinkedIn for Business. Kunlun has already been working with investment bank Cowen Inc to solicit acquisition interest in Grindr, Reuters has reported.
The company is aiming for an IPO in the United States, which has an easier listing process and investors with deeper pockets. Last Name.
However, those types of features might make it difficult for chief executive and founder Geng Le to gain investors. Read More. Nidhi Singh. The New Employee Manual. It bought out the remainder of the company in The unraveling of the Grindr deal also highlights the pitfalls facing Chinese acquirers of U.
The development represents a rare, high-profile example of CFIUS undoing an acquisition that has already been completed. Kunlun said in a regulatory filing it would shut down Grindr's China operations and would not send any sensitive user data to China, in an effort to address concerns over data privacy.
Its rival Blued, another social app for gay men has more users in China.
Are you sure you want to logout? California-based Grindr is geared towards gay, bi, trans, and queer people. The dark side of Internet makes several apps vulnerable to scams. Previous bylines: G