StageAcq - P2P | Acquired
Blued (NASDAQ: BLCT), developed by BlueCity, is a China-based mobile social dating app for gay men. The company was founded in 2000 and is based in Beijing, Beijing. On August 26th, 2022, Blued was acquired.
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Latest Blued News
Aug 23, 2022
Baoli Ma Steps Down As Blued CEO And Chairman 23rd August 2022 Baoli Ma, the founder of Blued, the largest gay dating app in China, has decided to step down from his position as CEO and chairman. He hinted at the struggles of running an LGBTQ platform in China. This decision to step away from the company follows the privatisation and delisting of the company earlier this month. “We have turned ideals into reality and made something impossible possible,” Ma wrote, hinting at the difficulties of running a business catering to the lesbian, gay, bisexual, transgender and queer (LGBTQ) community in a country where gay marriage is not legal and the government has taken an increasingly stringent stance against content depicting same-sex relationships.’ “I feel content and unregretful, as I’ve accomplished my mission,” Ma added. As of current, Ma Baoli is yet to name a successor.
Blued Frequently Asked Questions (FAQ)
When was Blued founded?
Blued was founded in 2000.
Where is Blued's headquarters?
Blued's headquarters is located at Block B, Building 2, North District of Apple Community, Beijing.
What is Blued's latest funding round?
Blued's latest funding round is Acq - P2P.
How much did Blued raise?
Blued raised a total of $132.09M.
Who are the investors of Blued?
Investors of Blued include UG Capital, CDH Investments, The Beijing News, Vision Knight Capital, China Mobile Games & Entertainment and 10 more.
Who are Blued's competitors?
Competitors of Blued include Grindr and 2 more.
Compare Blued to Competitors
HER, formerly Dattch, is a social app designed for women. It lets lesbian, bisexual & bi-curious women connect with each other and their community, globally.
Zank is a China-based mobile social app for the gay male community. Zank is a hybrid of photo-sharing community, events publishing platform and location-based private messaging.
Hornet is a location-based mobile dating and social network that lets users meet new friends based on criteria they set including geography, share photos quickly by sharing pre-loaded galleries, and keep notes about people they chat with.
Grindr (NYSE:GRND) develops a simple app that uses a mobile device's location-based services to show users other Grindr users who are in proximity. The app is exclusively for gay, bi, and curious men. It was founded in 2009 and is based in West Hollywood, California.
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