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Chinese billionaire who bought Grindr will pay $1.1 billion in one of China’s costliest divorce settlements

1 month ago
Sky Canaves
hou Yahui will transfer 277 million shares in Beijing Kunlun Wanwei Tech Company, the gaming company that acquired Grindr, to Li Qiong, who agreed not to trim her stake for 12 months.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.

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