GLOBE NEWSWIRE – June 10 – BlueCity's Q1 revenues reached RMB271.1M ($41.4M), up 30.7% YOY. Net loss was RMB52.1M ($7.9M), compared with net loss of RMB7.6M in Q1 2020. Monthly active users of BlueCity's portfolio apps reached 8.3M, up 37.5% YOY. Total paying users reached 640K, up 47.8% YOY. Revenues from live streaming services reached RMB219.9M ($33.6M), up 22.4% YOY. Revenues from membership services reached RMB26.4M ($4M), up 75.9% YOY. Revenues from advertising services reached RMB12M ($1.8M), from merchandise sales of "He Health" RMB11.4M ($1.7M). BlueCity's portfolio apps include Blued, LESDO and Finka.
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