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BlueCity Holdings Limited Stock Price

NasdaqGM:BLCT Community·US$57.7m Market Cap
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BLCT Share Price Performance

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Snowflake Analysis

Excellent balance sheet and slightly overvalued.

3 Risks
1 Reward

BlueCity Holdings Limited Key Details

CN¥1.1b

Revenue

CN¥728.1m

Cost of Revenue

CN¥348.5m

Gross Profit

CN¥658.2m

Other Expenses

-CN¥309.6m

Earnings

Last Reported Earnings
Dec 31, 2021
Next Reporting Earnings
n/a
-8.26
32.37%
-28.76%
0%
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About BLCT

Founded
2000
Employees
801
CEO
Baoli Ma
WebsiteView website
www.blue-city.com

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. The company operates Blued, Finka, and LESDO mobile applications that offer mobile-based social and entertainment services, including live streaming, advertising, membership, merchandise sales, and other services. It also offers online health services. BlueCity Holdings Limited was founded in 2000 and is based in Beijing, China.

Recent BLCT News & Updates

Seeking Alpha Jul 29

BlueCity receives shareholders approval for merger agreement

BlueCity (NASDAQ:BLCT) announced that shareholders voted in favor of, among other things, the proposal to authorize and approve the earlier announced merger agreement. Approx. 48.1% of the total outstanding Class A ordinary shares and Class B ordinary shares, voted in person or by proxy at the extraordinary general meeting. If and when completed, the merger would lead to company becoming a private company and its ADSs would no longer be listed or traded on any securities exchange.

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