WANT CHINA TIMES – Nov 17 – Chinese gay flirting app Blued is now valued at ~$300M despite having not made a single dollar of profit. Blued launched in 2012 by former police officer Geng Le. It has recently announced $30M funding from American VC firm DCM. 20% of the app's 15M accounts belong to overseas users. The company will soon launch new value-added services and cooperation deals with e-commerce and online gaming businesses.
The full article was originally published at Want China Times, but is no longer available.