Mobile gaming company Kunlun Group Ltd. Friday announced the completion of its purchase of Grindr LLC, the West Hollywood-based gay social network, from its founder and CEO Joel Simkhai, who will exit the company.
Yahui Zhou, chairman of the board of Grindr, will serve as the interim CEO. Grindr’s current vice chairman, Wei Zhou, was named executive vice- chairman and chief financial officer, and former Facebook and Instagram veteran Scott Chen will join Grindr as chief technology officer, effective immediately.
“I’m beyond proud of what we’ve built as a team and how Grindr has been able to make a meaningful and lasting contribution to the global community,” Simkhai said. “We have achieved our success because of the strength and global reach of our community. I look forward to Grindr and Kunlun’s continued commitment to building tolerance, equality and respect around the world.”
Grindr was launched in 2009 and has more than 100 employees. It bills itself as the largest LGBTQ mobile social network, with more than 3.3 million daily active users in every country in the world.
–City News Service