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The Chinese company expected to bank on Grindr as a new growth engine, as the eight-year-old app proved to be a cash cow that had posted US.7 million in net profit for 2014, thanks to its rapidly growing membership.She studied journalism at Hong Kong Baptist University before attending King’s College London for a masters in international political economy." data-title="Celine Ge" data-html="true" data-template=" A little-known Chinese tech company has agreed to pay US0 million for America’s Grindr so that it can become fully involved in the daily operations of the world’s largest gay social media app, as it expands and builds a loyal user base beyond China.Beijing Kunlun Tech, a game developer owned by 38-year-old billionaire Zhou Yahui, said on Wednesday it planned to pay US2 million to buy the remaining 38 per cent stake in Grindr that it does not already own.The rapidly rising valuations of some of the world’s biggest social media platforms have also prompt the tech firm to build up its stake.The Short Version: Slashdot hosts a community of knowledgeable tech professionals coming together to discuss and debate the latest tech news. Stuff that matters,” and that’s exactly what the newsfeed delivers.