We Are Gay UK

Grindr is now owned by a Chinese gaming company

Grindr has now been bought by a Chinese gaming company, meaning it is not under the LGBT ownership anymore.

In 2016 Grindr’s founder Joel Simkhai announced that he had sold 60 percent of the dating app to the Chinese gaming firm Kunlun Tech Co. The remaining 40 percent has now been snapped up by the same firm in a deal thought to be worth $152 million.

ALSO READ:   Armed Gang Preying On Gay Men Using Hook Up App In London
ALSO READ:   Dealer who used Grindr to sell Chemsex drugs jailed for nearly a decade

The initial purchase of just over 60 percent was thought to be worth $93 million.

ALSO READ:   Brands are receiving backlash over healthy eating social posts

The app has over 3 million daily users.