New World Development and China Mobile Games and Entertainment will have the chance to exit the Asia-based gay dating app developer.
Blued, a China-based gay dating app developer backed by corporates New World Development and China Mobile Games and Entertainment, has filed for a $50m initial public offering in the US.
Formally known as BlueCity Holdings, Blued runs a dating app focused on the LGBTQ community that has more than 49 million registered users across China, India, South Korea, Vietnam and Thailand.
The company generated $29.3m in revenue and made a $1.1m net loss in the first three months of…
