Though LGBTQ is a controversial group in China being watched under various regulations, the gay dating app, Blued, is developing faster than was thought. The company behind the social app has filed for an IPO on the Nasdaq exchange, aiming at $50 million as a fundraising target. As Blued is in a booming stage gaining worldwide presence and users, going for a US stock market debut should attract more publicity and interest than in Hong Kong, where the views on LGBTQ communities is less progressive despite being increasingly favoured by Chinese tech giants.
