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China tech

Chinese gay dating app Blued seeks $50m IPO in US

Plan for Nasdaq listing comes despite rising scrutiny of China issues

BlueCity Holdings says its app has more than 6 million monthly users: The company is bucking a trend among Chinese companies, which are nervous about U.S. listings. (Photo by Yuki Kohara)

HONG KONG -- The operator of China's largest gay dating app, Blued, is planning an initial public offering in the U.S. despite Washington's growing suspicion of Chinese companies listed on U.S. stock exchanges.

Beijing-based BlueCity Holdings, which has more than 6 million monthly users on its social networking platform, aims to raise at least $50 million on the Nasdaq exchange, according to a prospectus filed with the U.S. Securities and Exchange Commission on Tuesday.

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