Beijing Kunlun, from China, will review its IPO for the Grindr Dating App

The Chinese gaming company Beijing Kunlun Tech announced on Monday that it would revisit its IPO project of the popular Grindr gay dating app, after a US national security panel withdrew its opposition to the project.

Kunlun said in May that it had accepted Grindr's request for sale submitted by the US Foreign Investment Committee (CFIUS), setting a June 2020 deadline and suspending preparations for the introduction in June. Grindr Scholarship.

A source close to the case said on Monday that Kunlun's efforts to sell Grindr directly continued, although preparations for his IPO were re-launched.

A spokeswoman for Grindr declined to share more information about IPO projects. Kunlun has not responded to requests for comment. The US Treasury Department, which chairs CFIUS, did not immediately respond to a request for comment.

The CFIUS has not disclosed its concerns regarding the Kunlun property in Grindr. However, the United States is increasingly examining application developers about the security of the personal data they manage, especially if it involves US military personnel or intelligence services.

Reuters reported in May that Kunlun had given some Beijing-based engineers access to the personal information of millions of Americans, including private messages and HIV status.

Kunlun said in May that it would close Grindr's operations in China and would not send any sensitive user data to China, in order to address concerns about data privacy.

Grindr will be listed on a stock exchange outside China, the move will be decided according to the conditions of the capital market abroad, Kunlun said in a document filed Monday on the Shenzhen Stock Exchange.

Kunlun is one of the largest mobile gaming companies in China. He acquired a majority stake in Grindr in 2016 for $ 93 million and bought back the rest of the company in 2018. He did so without submitting the transactions to the CFIUS exam.

The control of Grindr by Kunlun fueled the concerns of privacy advocates in the United States. US Democrat Senators Edward Markey and Richard Blumenthal sent a letter to Grindr last year asking for answers on how the application would protect the privacy of its Chinese owner's users.