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“It is of strategic importance for us to fully engage in the daily operations of Grindr and make it our development milestone,” Kunlun said in a statement.
“[With the deal,] we also aim to be a world leading social media company in the future, and to expand our platforms into film, streaming and animation,” it said.
The Chinese company expected to bank on Grindr as a new growth engine, as the eight-year-old app proved to be a cash cow that had posted US.7 million in net profit for 2014, thanks to its rapidly growing membership.
The rapidly rising valuations of some of the world’s biggest social media platforms have also prompt the tech firm to build up its stake.
In short, guys love through action and not through words.
Most men look at what they say as a sort of promise or commitment, even if it’s an emotionally based discussion.
When a man spends more time with you and less with his family and friends, this is a very clear sign that he loves you.
Kunlun paid about US million for a 62 per cent stake of the social media app in January last year, which meant that the startup’s valuation has gained 161 per cent since the Chinese firm’s last purchase.Although homosexuality is irreconcilable with the mainstream values in China, the LGBT community has made huge gains in social acceptance since homosexuality was decriminalised in 1997.Authorities recently decided not to censor gay scene in Disney blockbuster , when governments in many parts of Asia opted to do so.And I can personally admit that love can make me feel vulnerable and can bring up fears and emotions in me that are more than I’m ready to handle at a given moment.As a guy who likes to feel in control of his own life, emotions, and destiny, this can be a problem.
MORE: 11 Undeniable Signs He’s in Love With You For me, love feels like a lifelong commitment to the woman.