BLCT - BLCT STOCK NEWS

BlueCity Holdings Limited (Nasdaq: BLCT) reported its financial results for Q4 and FY 2021. Total revenues for Q4 were RMB243.6 million (US$38.2 million), down 12.6% year-over-year, with a net loss of RMB148.7 million (US$23.3 million), compared to a loss of RMB73.1 million in Q4 2020. Annual revenues increased by 4.4% to RMB1,076.6 million (US$168.9 million), but the net loss rose to RMB309.6 million (US$48.6 million). The number of paying users increased by 26.3% to 735.3 thousand, driven by strong membership services growth.

Velodyne Lidar (Nasdaq: VLDR, VLDRW) announces the second season of its educational series, Velodyne Lidar LIVE!, starting March 25, 2022, at 10 a.m. PDT. This season features a range of topics on lidar technology's applications in transportation and robotics. The inaugural episode includes insights from Velodyne experts on the Velarray M1600 sensor and the Vella Development Kit (VDK), highlighting their contributions to autonomous technology. The series aims to engage industry professionals and improve public policy related to mobility.

Blued, the leading LGBTQ+ community platform, is enhancing user safety for World Consumer Rights Day. The company is implementing advanced AI technologies aimed at user privacy, fraud prevention, and reporting mechanisms. Blued’s efforts include prohibiting screenshots, ephemeral photos, and customizable app icons for paid users. A dedicated anti-fraud team and improved reporting processes ensure user issues are addressed swiftly. Notably, user satisfaction has risen to 93%, with a complaint resolution rate of 97.4%.

Baoli Ma, the founder and CEO of BlueCity (Nasdaq: BLCT), has been recognized in the inaugural Gaingels 100, a collection of notable LGBTQIA+ entrepreneurs. As the only mainland Chinese entrepreneur selected, Ma emphasized the importance of inclusivity and collaboration in his statement. BlueCity's primary platform, Blued, connects over 70 million users globally while providing essential health services. Founded in 2000, BlueCity became the first LGBTQ-focused company to list on Nasdaq in 2020.

BlueCity Holdings Limited (NASDAQ: BLCT) has established a Special Committee to review a preliminary non-binding proposal dated January 2, 2022. The Committee has enlisted Duff & Phelps for financial advisory and Skadden, Arps, Slate, Meagher & Flom for legal counsel. No decisions about the proposal have been finalized, and shareholders are cautioned that there is no guarantee of an offer or agreement. BlueCity provides a broad array of services for the LGBTQ community, with its app, Blued, serving over 60 million users globally.

BlueCity Holdings Limited (NASDAQ: BLCT) announced the formation of a special committee comprising three independent directors to evaluate a preliminary non-binding proposal received on January 2, 2022. The committee, chaired by Wenjie (Jenny) Wu, will assess the proposal, though the Board cautions that no decisions have yet been made. There is no guarantee that a definitive offer or agreement will result from this process. BlueCity is a leading online LGBTQ platform offering diverse services to support the community, with over 60 million registered users globally.

BlueCity Holdings Limited (NASDAQ: BLCT) announced a preliminary non-binding proposal to acquire all outstanding ordinary shares for $3.70 each, representing a 27.78% premium based on the last 10 trading days' average price. The buyer group, led by founder Baoli Ma and Spriver Tech Limited, intends to fund this acquisition primarily through equity capital. A special committee of independent directors will evaluate the proposal. There are no guarantees regarding the final offer or transaction completion.

Blued, a leading mobile platform for the LGBTQ community, launched a new feature called 'Flash' on December 16, 2021, enhancing in-person connections. After successful releases in Japan, South Korea, and Vietnam, Flash allows users to share and join offline events while adhering to local COVID-19 guidelines. Designed to engage users during festive seasons, the feature aims to foster community ties. Blued continues to innovate with additional features like Quick Chat and Voice Chat Room, demonstrating its commitment to enhancing user experience.

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) will showcase its innovative lidar sensors and software at CES 2022 in Las Vegas, emphasizing their role in enhancing safety, efficiency, and sustainability across various industries including automotive and robotics. The company claims to be the sole provider offering comprehensive autonomous solutions supported by its cutting-edge technology. A press conference will occur on January 5 at 11:45 a.m. PST, while several transformative solutions utilizing Velodyne's technology will also be highlighted throughout the event.