BlueCity Holdings Limited operates a platform for LGBTQ community primarily under BlueCity brand in the People's Republic of China, India, South Korea, Thailand, and Vietnam. It operates Blued, a mobile app that offers various services to LGBTQ community, including live streaming, advertising, membership, merchandise sales, and other services. It also offers online health services. BlueCity Holdings Limited was founded in 2011 and is based in Beijing, China.
IPO Year: 2020
Exchange: NASDAQ
Website: blue-city.com
Loop Capital downgraded BlueCity from Buy to Hold and set a new price target of $7.00 from $16.00 previously
BEIJING, Jan. 10, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated on January 2, 2022 (the "Proposal"), has retained Duff & Phelps as its financial advisor and Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel. The Special Committee is continuing its review and evaluation of the Proposal. The Board cautions the Company's shareholders and others considering trading th
BEIJING, Nov. 1, 2021 /PRNewswire/ -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a world's leading online LGBTQ platform, today announced the appointment of Mr. Guojie Shi as a new independent director to its board of directors (the "Board") and a member of the Board's compensation committee (the "Compensation Committee"), effective immediately. Ms. Rong (Ruby) Lu has recently resigned from her positions as an independent director, a member of the audit committee (the "Audit Committee") and the chairperson of the Board's Compensation Committee. Ms. Lu's resignation is not a result from any disagreement with the Company. After the changes, the Board will continue t
BEIJING, July 15, 2021 /PRNewswire/ -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced the appointment of Mr. Alfred Chung-ChiehYing as the Company's Chief Strategy Officer, effective immediately. Mr. Ying joins BlueCity's executive leadership team to focus on BlueCity strategy, capital markets, mergers and acquisitions. Mr. Ying brings with him over 20 years of capital market experience and extensive knowledge in corporate finance, capital raising, business development, and strategy. Prior to joining BlueCity, he served as Chief Financial Officer at Healthever Biotech and iFresh, where he was responsible for leading fin
BEIJING, May 20, 2021 /PRNewswire/ -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, announced today that Mr. Zhiyong (Ben) Li resigned from his position as the Company's Chief Financial Officer due to personal reasons, effective May 20, 2021. Mr. Li will serve as the Company's financial advisor for the next six months. Mr. Junchen Sun, the Company's Vice President, Finance, will assume the role of acting Chief Financial Officer of the Company effective upon Mr. Li's departure. Mr. Baoli Ma, BlueCity's Founder, Chairman, and Chief Executive Officer, commented: "On behalf of the Board of Directors and management team, I would like to e
BEIJING, Jan. 05, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a world’s leading online LGBTQ platform, today announced the appointment of Mr. Weiru Chen as a new independent director to its board of directors (the “Board”), effective immediately. Mr. Zhe Wei has concurrently resigned from his positions as a director and a member of the compensation committee and nominating and corporate governance committee of the Board. After the changes, the Board will continue to consist of five members, four of whom are independent directors. The compensation committee will consist of Ms. Rong Lu, Mr. Baoli Ma and Mr. Weiru Chen, with Ms. Rong Lu as
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BEIJING, Feb. 23, 2022 /PRNewswire/ -- Tarena International, Inc. (NASDAQ:TEDU) ("Tarena" or the "Company"), a leading provider of adult professional education and childhood & adolescent quality education services in China, today announced that Mr. Shengwen (Roy) Rong has been appointed as an independent director of the board of directors of the Company (the "Board"). Mr. Rong has also been appointed as the chairman of the audit committee of the Board, as well as a member of the compensation committee and the nominating and corporate governance committee. Mr. Arthur Lap Tat Wong will no longer serve as a director after the current term expires, which did not result from any disagreement with
BEIJING, Jan. 10, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated on January 2, 2022 (the "Proposal"), has retained Duff & Phelps as its financial advisor and Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel. The Special Committee is continuing its review and evaluation of the Proposal. The Board cautions the Company's shareholders and others considering trading th
New report offers comprehensive look at LGBTQ platform's environmental, social and governance philosophy and efforts across wide-ranging areas Among BlueCity's noteworthy accomplishments in 2020 was its efforts to combat COVID-19 and HIV in countries around the world In 2020, BlueCity improved diversity in its workplace and user satisfaction for its Blued app, and reduced its carbon footprint BEIJING, Dec. 8, 2021 /PRNewswire/ -- BlueCity (NASDAQ:BLCT), a world-leading LGBTQ platform that provides a comprehensive suite of services aimed at fostering connection and enhancing the well-being of its global community, today released its 2020 ESG report. The new report offers a comprehensive loo
BEIJING, Nov. 26, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights Total revenues reached RMB270.0 million (US$41.9 million), a decrease of 9.3% from the same period in 2020. Net loss was RMB73.8 million (US$11.5 million), compared with net loss of RMB137.8 million in the third quarter of 2020. Adjusted Net Loss1 (Non-GAAP) was RMB62.2 million (US$9.7 million), compared with adjusted net income (non-GAAP) of RMB7.3 million in the third quarter of 2020.Monthly active
NEW YORK, Nov. 19, 2021 /CNW/ - Deutsche Bank today announced that the presentations from the November 16th and 17th Depositary Receipts Virtual Investor Conference ("dbVIC") are now available for on-demand viewing. The event featured presentations from international companies with American Depositary Receipt (ADR) programs in the US. Representatives from participating companies based in Australia, China, Germany, France and the UK presented their equity stories and answered audience questions. The presentations are targeted to all types of investors as well as analysts interested in non-US companies. To log in, please use the following link: www.adr.db.com/dbvic The company presentations
NEW YORK, Nov. 19, 2021 /PRNewswire/ -- Deutsche Bank today announced that the presentations from the November 16th and 17th Depositary Receipts Virtual Investor Conference ("dbVIC") are now available for on-demand viewing. The event featured presentations from international companies with American Depositary Receipt (ADR) programs in the US. Representatives from participating companies based in Australia, China, Germany, France and the UK presented their equity stories and answered audience questions. The presentations are targeted to all types of investors as well as analysts interested in non-US companies. To log in, please use the following link: www.adr.db.com/dbvic The
BEIJING, Nov. 19, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a world's leading online LGBTQ platform, today announced that it will report its third quarter 2021 unaudited financial results on Friday, November 26, 2021, before the U.S. market opens. BlueCity's management team will host an earnings conference call at 8:00 AM on Friday, November 26, 2021, U.S. Eastern Time (9:00 PM on November 26, 2021, Beijing/Hong Kong Time). Please register in advance of the conference using the link provided below. Conference access information will be provided upon registration. Participant Online Registration: http://apac.directeventreg.com/r
BEIJING, Nov. 11, 2021 /PRNewswire/ -- BlueCity (NASDAQ:BLCT) based in Beijing, China, and focused on providing a comprehensive suite of services to foster connections and enhance the wellbeing of the LGBTQ community, today announced that BlueCity, CSO Alfred Ying will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on November 16th. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors. DATE: November 16, 2021TIME: 10:00 AM ETLINK: https://bit.ly/2Y67eus This will be a live, interactive online event where investors are invited to ask the company questions in real-time - b
NEW YORK, Nov. 11, 2021 /PRNewswire/ -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on Tuesday, November 16 and Wednesday, November 17, featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the US. Representatives from participating companies based in Australia, China, Hong Kong, Germany, France and the UK will respond to questions during formal presentations, and will also interact with investors via virtual trade booths. The conference is targeted to all categories of investors and analysts interested in non-US companies. There is no fee for participants to log i
BEIJING, Nov. 1, 2021 /PRNewswire/ -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a world's leading online LGBTQ platform, today announced the appointment of Mr. Guojie Shi as a new independent director to its board of directors (the "Board") and a member of the Board's compensation committee (the "Compensation Committee"), effective immediately. Ms. Rong (Ruby) Lu has recently resigned from her positions as an independent director, a member of the audit committee (the "Audit Committee") and the chairperson of the Board's Compensation Committee. Ms. Lu's resignation is not a result from any disagreement with the Company. After the changes, the Board will continue t
BEIJING, Nov. 26, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights Total revenues reached RMB270.0 million (US$41.9 million), a decrease of 9.3% from the same period in 2020. Net loss was RMB73.8 million (US$11.5 million), compared with net loss of RMB137.8 million in the third quarter of 2020. Adjusted Net Loss1 (Non-GAAP) was RMB62.2 million (US$9.7 million), compared with adjusted net income (non-GAAP) of RMB7.3 million in the third quarter of 2020.Monthly active
BEIJING, Nov. 19, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a world's leading online LGBTQ platform, today announced that it will report its third quarter 2021 unaudited financial results on Friday, November 26, 2021, before the U.S. market opens. BlueCity's management team will host an earnings conference call at 8:00 AM on Friday, November 26, 2021, U.S. Eastern Time (9:00 PM on November 26, 2021, Beijing/Hong Kong Time). Please register in advance of the conference using the link provided below. Conference access information will be provided upon registration. Participant Online Registration: http://apac.directeventreg.com/r
-- 18.0% year-over-year revenue growth---- 58.1% year-over-year total paying user growth-- BEIJING, Aug. 24, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights Total revenues reached RMB291.9 million (US$45.2 million), an increase of 18.0% from the same period in 2020. Net loss was RMB35.0 million (US$5.4 million), compared with net loss of RMB3.3 million in the second quarter of 2020. Adjusted Net Loss1 (Non-GAAP) was RMB38.4 million (US$5.9 million), compared with adjusted net loss (non-
BEIJING, Aug. 11, 2021 /PRNewswire/ -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a world's leading online LGBTQ platform, today announced that it will report its second quarter 2021 unaudited financial results on Tuesday, August 24, 2021, before the U.S. market opens. BlueCity's management team will host an earnings conference call at 8:00 AM on Tuesday, August 24, 2021, U.S. Eastern Time (8:00 PM on August 24, 2021, Beijing/Hong Kong Time). Please register in advance of the conference using the link provided below. Conference access information will be provided upon registration. Participant Online Registration: http://apac.directeventreg.com/registration/event/
-- 47.3% year-over-year revenue growth----43.8% year-over-year total paying user growth----Reported first quarterly adjusted net income of RMB7.1 million (US$1.0 million)----Completed acquisition of Finka, a leading Chinese gay social networking app -- BEIJING, Dec. 02, 2020 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (Nasdaq: BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the third quarter ended September 30, 2020. Third Quarter 2020 Highlights Total revenues reached RMB297.6 million (US$43.8 million), an increase of 47.3% from the same period in 2019. Net loss was RMB137.8 million (US$20.3 million), compared
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