REUTERS – July 9 – China's biggest gay dating app's owner BlueCity is focused on expanding in Asia, its founder said after it made its Nasdaq debut despite a U.S. securities regulator warning against investments in Chinese firms. BlueCity, which says its Blued app already has the largest market share in China, India, South Korea and Vietnam, raised $84.8M in an IPO which valued the Beijing-based company at $614M. Blued claims 49M registered users in 210 countries, and 6M monthly active users (MAUs), 49% of them outside China.
by Colin Qian & Ryan Woo
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