Blued, a Beijing, China-based social platform for gay communities worldwide, closed US$100M a Series D funding.
UG Capital participated in the round.
The company intends to use the funds for global expansion.
Led by CEO Geng Le, Blued is a China-based gay social network app. Users can check out profiles and updates of other users in their vicinity and send text and voice messages as well as photos or videos to other users of the network in whom they have an interest. Live broadcasts and games are also available via the app.
The free app now counts 40 million registered users from over 193 countries and regions worldwide, with users outside of China accounting for 30 percent of the total. In addition to providing socializing services for gay communities, the firm actively participates in HIV/AIDS prevention and awareness efforts, and has engaged in dozens of public welfare programs with many international organizations.
FinSMEs
12/03/2018