Life changed considerably for Ma since that time. This week, BlueCity, the dating that is gay life style platform he created, has filed for a short general general public listing on Nasdaq.
“To me personally, herein lies the effectiveness of the world-wide-web — it empowers us to raise ourselves, and also to bring warmth to other people across all corners associated with globe surviving in loneliness, helplessness and fear due to their sexual orientation, ” published Ma, leader for the business, when you look at the prospectus.
The business stated it is designed to raise $50 million through the IPO, while it has not yet determined its offer cost for each depositary that is american (ADS). The arises from the public providing will get towards investment in brand brand new technologies along with expansion in domestic and worldwide areas, which presently take into account approximately half of its month-to-month users.
Ma, a former police that is closeted, founded the LGBTQ-focused online forum Danlan.org in 2000. The gay dating app under the parent entity BlueCity in 2011, he quit his job to launch Blued.
In early stages, Blued ended up being commonly regarded as a copycat of Grindr — A californian startup that ended up being purchased by a Chinese business before it absolutely was forced to sever ties over safety issues. Blued has since developed features that are numerous differentiate itself. Created for users to talk and live broadcast, the software is mainly employed by homosexual guys, though it includes solutions for the broader LGBTQ population. Compared to that end, it joined right into a page of intent in June for a possible equity investment to obtain a Chinese lesbian app that is dating.
At the time of March, Blued boasted 6 million month-to-month users that are active 49 million new users. This has drawn a following that is loyal international areas like Asia, Korea, Thailand and Vietnam. Read the rest of this page »
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