Comment on Chinese Investors See Market Potential in Emerging Services for LGBT groups by Gay Hook-up App Blued on a Mature Chinese LGBT Market - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2013-09-02 00:00:00

Zank, a social service for Chinese homosexuals, raised several million yuan in seed funding from Matrix Partners China in May this year. What’s for sure is Chinese investors have set eyes on the market potential of Internet services for LGBT groups. This investor also believed that people of LGBT groups are generally higher paid with strong purchasing power. Now, as more and more have come out and express their social needs online, more products or services will be developed to fulfill their needs. But what a percentage of those people would admit they are of LGBT groups is a question.