Gay dating china
The main player in the Chinese market for gay dating apps is the homegrown Blued, which was started in 2013 by Geng Le, a former police officer.
Geng, who says his app draws around 3 million daily users, welcomed Beijing Kunlun's investment in Grindr.
Hornet, founded in 2011, claims to be “the world’s second largest gay social network.” In a statement, Eric Huet managing partner at Ventech, who has joined the Hornet Board, said: “The platform combined with the user functionality is unparalleled.
In such a short time, Hornet has claimed leader position in many markets across the globe.” Hornet says it has 15 million users, and three million monthly active users.
Given that China’s population is 1.3billion, with an estimated LGBTI population of 1.7million, the potential for such an app is enormous.
By comparison, Grindr – the world’s other best known gay hook-up app – was valued at 5million earlier this year when it too turned to China for its most recent investment.
For the first time gay dating app Hornet and China-based app Blued have entered a global cooperation.
The mutually beneficial cooperation will build on funding rounds for Hornet which raised million for Hornet earlier this year.
But now it's turning to China to step up its expansion.“The substantial spending ability of gays and the funding support we got indicate the strong power of the so-called pink economy.” As of last year, 27 million men had created accounts on Blued with 7 million users logging in every day, giving it more regular logins than Grindr.Zank, Blued’s main competitor, counts at least 10 million registered users and Lesdo, an app for gay and bisexual women, has 1.5 million.The site was founded by a gay entrepreneur and former policeman, Geng Le.He left the police in the early 00s to work on creating his own LGBT-themed website, Danlan.
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This gave rise to the company Blue City, and then Blued in 2012.