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Blue City Holdings Ltd., the organization behind Asia’s homosexual app that is dating, filed its application on Tuesday to supply stocks from the Nasdaq change.

Why it matters: Blued, which boasts 49 million users, could be the biggest social dating app for Asia’s LGBTQ (lesbian, gay, bisexual, transgender, and queer) community, in accordance with a report by consultancy Frost & Sullivan.

• The business’s application to list on A united states change dollars the present trend of Chinese technology businesses showing increased desire for Hong Kong listings.
• US federal federal federal federal government agencies are pressing for lots more stringent guidelines on international businesses including those from China, after a sequence of accounting scandals led by Luckin.
• Nevertheless, an inventory in the usa may garner more interest than one on its house turf, which holds less views that are progressive LGBTQ communities. Continue reading →