PR NEWSWIRE – The gay social networking and dating app Blued is launching "Super Idol," a talent competition to showcase LGBTQ+ talents from around the globe. The grand winner, as well as active audiences, both stand a chance to win cash prizes of up to $22K. To join, aspiring contestants must post their entries on their social media, tag the official Blued account, and have prior access to Blued Live. Auditions run from Sep 6 to 8, 2021.
Category: Blued
BlueCity Q2 2021 Results
GLOBE NEWSWIRE – Aug 24 – Q2 revenues reached RMB292M ($45.2M), up 18% YOY. Net loss was RMB35M ($5.4M), compared with net loss of RMB3.3M in the Q2 2020. Monthly active users of BlueCity's portfolio apps reached 8.3M, up 29.3% YOY. Total paying users reached 724K, up 58.1% YOY. For the full year 2021, the Company expects total revenues to be between RMB1.15B to RMB1.2B, representing YOY growth of 12% to 16%.
Blued Prohibits Screenshots and Recordings
PR NEWSWIRE – Aug 4 – Blued, a world-leading online LGBTQ+ community platform, has introduced a series of new features, including prohibiting screenshots and screen recordings, to protect user identity and privacy. To prevent users from capturing screenshots or recordings, the iOS version of Blued produces a blurred page after a screenshot is attempted, while the Android version prevents a screenshot from being taken altogether.
BlueCity’s He Health Launches Online Consultations
PR NEWSWIRE – July 27 – He Health, BlueCity's health service platform for men, has officially launched its online consultation services with tens of doctors from China's top hospitals available during the launch phase. He Health focuses on male sexual health, STDs, and everyday health and nutrition. The online consultation function will enable users to access a full range of digital health services, including doctor consultations, medical guidance, testing and health report analysis, and health management.
Blued Hit With Suit Over Share Price Drops
LAW360 – BlueCity, the operator of China's largest LGBTQ dating app – Blued – has been hit with a proposed investor class action alleging that its IPO documents overstated its business and financial prospects and omitted that it was unprepared to absorb the costs of becoming publicly traded, leading to stock drops.
BlueCity Appoints Alfred Chung-Chieh Ying as Chief Strategy Officer
PR NEWSWIRE – July 15 – Mr. Ying brings with him over 20 years of capital market experience and extensive knowledge in corporate finance, capital raising, business development, and strategy. Prior to joining BlueCity, he served as CFO at Healthever Biotech and iFresh. Available in 13 languages, Blued connects users in 170 countries and it is the largest online LGBTQ community in China, India, Korea, Thailand and Vietnam. BlueCity's portfolio of brands also includes Finka, a leading gay social networking app for a younger generation in China, and LESDO, a leading lesbian social networking app in China.
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“All Discrimination Comes From Ignorance”, Says Founder of Blued
TIME – June 25 – Last July, BlueCity debuted on Nasdaq with an $85M IPO as the world's most popular LGBTQ+ dating community. Although it has yet to turn a profit, losses have narrowed considerably since paid memberships, live streams and ads were introduced. "At the beginning, I just wanted to do something for myself and my gay friends," says Ma Baoli, the company's founder. In 2013, Blued began overseas expansion. It is already the market leader in many Asian countries and has grown rapidly in markets like Mexico and Brazil. Blued has 63M registered users worldwide.
BlueCity’s He Health to Introduce Online Consultation
PR NEWSWIRE – June 21 – He Health, BlueCity's health service platform for men, will introduce comprehensive online consultation services and expand its PEP (post-exposure prophylaxis) express delivery network in the second half of this year. He Health obtained an Internet hospital license in April. Since its launch in 2019, He Health has promoted awareness of HIV prevention and men's health to tens of millions of users in China, and its services have gradually expanded from sexually transmitted diseases (including HIV) to the field of men's everyday wellbeing. In the Q1 of this year, revenue from He Health reached RMB 11.4M ($1.8M), growing 298% YOY.
BlueCity Q1 Results 2021: Revenue up 31%
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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BlueCity Announces Resignation of Its CFO
PR NEWSWIRE – May 20 – Mr. Zhiyong (Ben) Li is resigning from his position as the Company's CFO due to personal reasons, effective May 20, 2021. Mr. Li will serve as the Company's financial advisor for the next six months. Mr. Junchen Sun, the Company's Vice President, Finance, will assume the role of acting CFO.