Skip to main content

BlueCity Ranked Among China’s Top Companies for CSR

Written by Customer Service on . Posted in Public Companies.

World-leading LGBTQ platform ranked 12th on one of China’s leading CSR indicesBEIJING, Aug. 04, 2020 (GLOBE NEWSWIRE) — BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a world-leading online LGBTQ platform, has been ranked at No. 12 among 50 Chinese Internet companies for its performance in corporate social responsibility (CSR) in 2019 according to a latest report.
The ranking, released last Friday, is compiled by China CSR Research Center, an affiliate of Southern Weekly, one of the country’s most influential media outlets. Launched in 2003, the annual report is one of the most authoritative CSR performance indices in China.BlueCity scored 61.43 points while the average score of the 50 Internet companies rated was 35.71. Local tech giants Tencent, Alibaba and Ant Group were ranked top three.Empowered by the platform’s technologies and data traffic, BlueCity was a pioneer in China for introducing the concept of “Internet + HIV prevention” to integrate online and offline HIV prevention efforts.In cooperation with its community partners throughout China, BlueCity has enabled its Blued mobile app users to find the nearest HIV testing centers and discreetly book the services online. As of 2019, more than 50,000 tests were done in more than 200 partner testing centers in 26 cities via an appointment through the app.As of March 31, 2020, Blued has about 6 million monthly active users with half of them outside of China. It is the largest online LGBTQ community in India, Korea, Thailand and Vietnam in terms of MAUs in 2019.In the fight against the ongoing COVID-19 pandemic, Blued held #StayProud: A Virtual Pride Experience, its first-ever online pride event in late June to encourage the LGBTQ community to stay strong and proud during these challenging times, with profits of the show donated to a non-profit group.As a global Internet company, BlueCity remains sincerely committed to complying with the laws and regulations about online content. Due to the real time nature of live streaming, a popular feature of the Blued app, BlueCity utilizes a combination of manual screening and AI image recognition technology to promptly remove any inappropriate or illegal content.The Blued app also strictly limits people under the lawful age from using its platform, which is clearly and repeatedly stated in its user terms and conditions, new-user registration page, welcoming screen, home page banner, and chat interface. Once a user is determined to be underage, the account concerned will be identified and blocked by the platform.About BlueCity
BlueCity (NASDAQ: BLCT) is a world’s leading online LGBTQ platform, providing a full suite of services aimed at empowering the LGBTQ community in every aspect of their daily lives. As a central hub of BlueCity’s services and platforms, the Blued mobile app allows our users to connect with each other, express themselves, and access professional health related services and family planning consulting services at their fingertips. Blued has connected more than 49 million registered users as of March 31, 2020 worldwide and has a leading foothold in many markets.For more information, please contact BlueCity Holdings Limited at:Vincent Tang: Tangyue@blued.com
Lingyi Hou: Lhou2@webershandwick.com 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.