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Tag: China

Europe’s Migrants

Chinese Company Buys Majority Stake In Gay Dating App Grindr For $93M

Gay dating app Grindr has long been viewed as one of the great “bootstrapping” success stories of the tech world, self-funded from inception through years of dramatic growth. It was therefore surprising to see the company sell off 60 percent of its shares to a huge corporate investor for a cool $93 million.

Reuters

Another Chinese Billionaire Goes Missing Amid Market Crisis

Billionaire Zhou Chengjian, whose $4 billion clothing retail fortune makes him the 62nd-richest person in China, has mysteriously disappeared. He is only the latest in a line of Chinese business magnates to vanish, with the previous disappearance occurring only last month. It almost certainly is not the work of John Galt.

AP Photo/Ahn Young-joon

World View: China-North Korea Tensions High After Nuclear Test

Contents: North Korea’s explosion was probably not a ‘hydrogen bomb’; South Korea resumes broadcasting propaganda via loudspeakers; North Korea’s nuclear test revives memories of the 2010 Cheonan attack; China faces limited influence and high frustration dealing with North Korea

China crash (Andy Wong / Associated Press)

China Stock Market Implosion Continues

Chinese stocks in Hong Kong fell to the lowest level in four years as mainland shares plunged, forcing an early halt to trading for the second day this week, after the central bank cut its yuan reference rate by the most since August.