VC-backed Chinese gay dating app Blued to go public: Bloomberg

Blued, a China-based gay dating app, is reportedly planning an IPO that could raise about $200 million, reported Bloomberg. The listing will likely take place next year and could put the company at a valuation of around $1 billion. Blued’s backers include CDH Investments, UG Capital, Shunwei Capital, DCM Ventures and Vision Knight Capital, according to Crunchbase.