BlueCity Announces Third Quarter 2020 Unaudited Financial Results
-- 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
