How a Chinese gay relationship application blazed a trail towards the United States stock exchange

How a Chinese gay relationship application blazed a trail towards the United States stock exchange

Founder of Blued had been police by time and online activist by evening

HONG KONG — Growing up homosexual in a tiny town in southern Asia, “J.L.” utilized to feel alone in the field. There were no homosexual pubs in their hometown, Sanming, in a region that is mountainous Fujian Province. Nor would anybody in the social group discuss such a topic. Only in 2012, whenever J.L. discovered an application that is smartphone Blued, did he understand that there have been other people — millions — like him.

Then the center schooler, he had been searching online whenever their eye caught an app offering gay dating. “I happened to be therefore amazed,” J.L. recalled of his encounter that is first with. He downloaded it and straightaway discovered another individual 100 meters away.

“All of a rapid, we understood that I happened to be one of many,” J.L. stated. “which was a marvelous feeling.”

J.L., now 22, nevertheless logs onto Blued once weekly. And then he is regarded as numerous doing this. With 6.4 million month-to-month active users, Blued is definitely the preferred gay dating software in Asia.

Using this Blued’s founder, Ma Baoli, has built company that runs from livestreaming to medical care and household preparation — and it has caused it to be all of the way to the U.S. stock exchange. In July, Blued’s moms and dad company, Beijing-based BlueCity Holdings, raised $84.8 million from the initial offering that is public Nasdaq.

Whenever Ma — dressed up in a rainbow boutonniere — rang the bell in the IPO ceremony, BlueCity revealed that a gay-focused company might survive and flourish in a nation where homosexuality has long been taboo. 继续阅读“How a Chinese gay relationship application blazed a trail towards the United States stock exchange”