(AFP photo)Grindr, the world's largest gay social-networking site, told the Shenzhen stock exchange recently that it plans to IPO overseas. Chinese LGBT consumers, a market segment that wasn't recognised a decade ago, are emerging as a spending force in a country that needs more spenders. An IPO will help the app connect China's gay consumers with counterparts and businesses around the world, multiplying its opportunities. A similar crackdown on LGBT content could be fatal for China's gay social apps. Gay rights are unlikely to be on the official agenda soon, but for Beijing, the right to socialise and shop may be inalienable.

Source: Bangkok Post September 10, 2018 23:03 UTC