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Grindr's Chinese owner has to sell the app by June 2020
Kunlun, the Chinese mobile company that owns Grindr, has to sell the popular gay-dating app by the middle of next year. It has reached an agreement with the Committee on Foreign Investment in the United States (CFIUS) to sell Grindr by June 2020 after the agency raised concerns about national security related to its ownership. In addition, the agreement prohibits the company from accessing Grindr users' information, which include their location and HIV status. It also forbids Kunlun from transmitting sensitive data to any entity based in China.
Grindr may be sold by its Chinese owner due to US national security risk
Apparently, the US government views Grindr as a threat to national security. According to Reuters, the Committee on Foreign Investment in the United States (CFIUS) informed the Chinese gaming company that owns the dating app that its ownership constitutes a national security risk. Now, facing pressure from the US, Beijing Kunlun Tech Co Ltd is looking to sell.
TERA's Chinese publisher has a deal for VR headsets
Good news for the VR enthusiasts today, or at least the VR enthusiasts who live in China and have a deep-seated desire to hack at some monsters in TERA. The game's Chinese publisher, Kunlun, revealed an agreement being made between the company and Sony to bring the game to the latter's virtual reality headset. The idea is that the headset will allow players to step into the game with what amounts to a full IMAX experience, only with significantly more giant monsters. Nothing has been said on whether or not this option will be available for players in North America. The Chinese version of the game is planning on its first large-scale open test in August, and there will be unique content for the region, but hopefully that won't include the ability to play the game with a headset strapped over your eyes.
China and Korea partner to form a $46M investment fund for game developers
It may seem like a case of strange bedfellows -- China and South Korea aren't exactly buddy-buddy -- but through the magic of gaming, the two countries are growing closer than ever before. Recently, Chinese company Kunlun announced that it's partnering with the Korean government to whip up a $46 million investment fund for game developers. Kunlun is a major player in China, claiming a respective 20% of the market in the country with over $187 million in sales last year, enough to take second place. The company owns Koramgame, an MMO publisher that's made inroads with both the Chinese and Korean markets with titles like Three Kingdoms Online and Dynasty Saga. Koramgame already has over two million subscribers worldwide. Koramgame's Joe Zhou hopes that it'll capture a slice of the American pie, too: "We are catching more and more attention from North American gamers now."
