Newborn Town to Acquire BlueCity in Move to Expand into Global Online Social Networking Market
In the same month, Newborn Town announced its participation in the privatization of BlueCity through MetaClass Management ELP.
- In the same month, Newborn Town announced its participation in the privatization of BlueCity through MetaClass Management ELP.
- The combined expertise of Newborn Town and BlueCity aims to leverage technology to facilitate social interactions through multiple channels across different verticals.
- According to a report released by market research firm Frost & Sullivan, the global online LGBTQ social entertainment market is anticipated to reach US$8.7 billion by 2025.
- By doing so, Newborn Town looks to expand its reach and impact while building a strong reputation as a leader in the global social networking field.