The Grindr app is seen on a mobile phone in this photo illustration taken in Shanghai, China March 28, 2019. — Reuters pic
Kunlun also offered financing support to San Vicente that it didn’t extend to two other groups, according to two other sources familiar with some of the other bidders. CFIUS ordered Kunlun to divest Grindr in May 2019, giving the Chinese company until June 30, 2020 for the deal to be completed. The US panel was concerned that personal data of US citizens held by Grindr, such as private messages and HIV status, could be compromised after Kunlun gave access to the app’s database to employees in China, sources previously told Reuters.
Fei was also a senior executive at Duo Capital, an investment manager that set up a fund to buy Grindr following the CFIUS order to Kunlun, according to the fundraising documents and two of the sources.
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