BlueCity Holdings Limited
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- BlueCity Holdings Limited operates a leading online platform serving the LGBTQ community, providing mobile-based social and entertainment services through its flagship applications Blued, Finka, and LESDO; these include live streaming, advertising, membership subscriptions, merchandise sales, and other related offerings, complemented by online health consulting and services. The company targets users primarily in the People's Republic of China, India, South Korea, Thailand, and Vietnam, addressing social networking, entertainment, health, and community wellbeing needs. Founded in 2000 and headquartered in Beijing, China, BlueCity focuses on fostering connections and high-quality user experiences across these markets. In a major strategic shift, BlueCity completed a going-private merger in August 2022 with Multelements Limited and Diversefuture Limited, transitioning to a privately held entity wholly owned by the buyer group including founder Baoli Ma, Metaclass Management LP, and CDH entities; this resulted in the delisting of its American Depositary Shares from Nasdaq Global Market and suspension of SEC reporting obligations. The transaction, approved by shareholders in July 2022, valued the equity at approximately $60 million and was financed through rollover equity and cash. No significant acquisitions, new product launches, or funding rounds have been reported since the privatization.
BlueCity Announces Completion of Merger
BlueCity Announces Completion of Merger
BlueCity Announces Shareholders’ Approval of Merger
BlueCity Announces Shareholders' Approval of Merger Agreement
BlueCity Holdings Limited to Hold Extraordinary General Meeting of Shareholders
Blued launches HIV awareness campaign in South Korea together with influencers and NGOs
BlueCity Enters into Definitive Agreement for Going-Private Transaction
BlueCity Filed Annual Report on Form 20-F for Fiscal Year 2021
BlueCity Announces Receipt of Updated Preliminary Non-Binding Proposal
BlueCity receives the ISO 27001:2013 certification for information security
BlueCity Announces Fourth Quarter and Full Year 2021 Unaudited Financial Results
BlueCity CEO Baoli Ma Named in the Debut Edition of the Gaingels 100
BlueCity Holdings Limited Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee
BlueCity Holdings Limited Announces Formation of Special Committee
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BlueCity Holdings Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company
Get Flash(y) for the Holidays: Blued's New Seasonal Feature Bridges Online-Offline Social Gatherings
BlueCity's 2020 ESG Report Highlights Its Unique LGBTQ-Driven Corporate Citizenship