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The deal with Beijing Kunlun World Wide Technology Co. Gay dating app Grindr has handed majority ownership to Chinese gaming company Beijing Kunlun World Wide Technology Co.
for million, valuing the Hollywood start-up at 5 million post-investment.
After news of the sale, Beijing Kunlun’s stock shot up more than 10% in China, highlighting a huge demand among the country’s gay community for new ways to connect.
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