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BlueCity (Nasdaq: BLCT) is launching a new digital HIV prevention feature in its social networking app, Blued, ahead of World AIDS Day. This initiative, enhancing access to HIV testing and prevention services, aligns with BlueCity's #BePositive campaign across various global markets. The company has already partnered with numerous organizations and set up nearly 7,000 testing locations in China. A collaborative report with UNAIDS on digitally-enabled HIV prevention is also expected. BlueCity aims to empower users with knowledge and resources for better health outcomes.
BlueCity Holdings Limited (Nasdaq: BLCT) reported a decrease in total revenues to RMB270.0 million (US$41.9 million) for Q3 2021, down 9.3% year-over-year. Net loss improved to RMB73.8 million (US$11.5 million), compared to a net loss of RMB137.8 million in Q3 2020. Monthly active users rose by 19.3% to 7.5 million, with paying users increasing by 57.1% to 776,000. Membership services and He Health saw significant growth, with revenue increases of 93.1% and 136.8%, respectively. The company aims to focus on core business development to ensure long-term profitability.
BlueCity Holdings Limited (NASDAQ: BLCT) has announced that it will release its unaudited financial results for Q3 2021 on November 26, 2021, before U.S. market opening. An earnings conference call will be held at 8:00 AM ET on the same day. Interested parties must register in advance to access the call. The company, which provides a leading online LGBTQ community, claims over 60 million registered users globally and is recognized for its user-friendly services across various platforms. For further details, visit their investor relations website.
BlueCity (NASDAQ: BLCT) will present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on November 16, 2021, at 10:00 AM ET. The conference aims to connect global companies with ADR programs to investors, allowing real-time questions during the event. Participation is free, and an archived webcast will be available post-event. BlueCity, a leader in the LGBTQ community services, engages over 60 million users through its app Blued, available in 13 languages across 170 countries. This conference is an opportunity for investors to learn more about BLCT's offerings.
BlueCity (Nasdaq: BLCT) has launched Mr. Heer, a consumer health brand focused on male personal care and sexual health products via its He Health platform. The product line includes condoms, lubricants, and wet wipes in discreet packaging, enhancing the platform's offerings of online consultation and HIV-related services. With a market potential projected to reach RMB 99.6 billion by 2025, the initiative targets the previously overlooked male health sector in China. BlueCity aims to meet modern men's health needs while raising awareness on sexual health issues.
On November 1, 2021, BlueCity Holdings Limited (BLCT) appointed Guojie Shi as an independent director and a member of the Compensation Committee, following the resignation of Ruby Lu. The Board remains comprised of five members, four of whom are independent. Lu's departure was amicable and not due to any disagreements. CEO Baoli Ma expressed gratitude for Lu's contributions and welcomed Shi, noting his extensive business management experience. BlueCity, a leading online LGBTQ platform, has over 60 million registered users globally.
Velodyne Lidar has announced its Intelligent Infrastructure Solution will be deployed at 25 intersections in Irvine, California as part of a $6 million road network project. The initiative, led by the HORIBA Institute for Mobility and Connectivity, aims to enhance traffic efficiency, road safety, and air quality. Supported by a Department of Energy grant, this project will leverage Velodyne’s lidar technology and AI for real-time traffic monitoring.
Blued, a leading online LGBTQ+ community, has achieved the TRUSTe Enterprise Privacy Certification from TrustArc, affirming its compliance with major global privacy frameworks including GDPR, APEC, and CCPA. This certification highlights Blued's commitment to user privacy and security, with features like prohibiting screenshots during livestreams, personalized album privacy settings, and disappearing messages. Blued connects over 60 million users worldwide, reinforcing its position as a safe and trusted platform for the LGBTQ community.
BlueCity Holdings Limited (BLCT) reported its second quarter 2021 financial results, showcasing a 18.0% year-over-year revenue growth, reaching RMB291.9 million (US$45.2 million). Despite this growth, the company incurred a net loss of RMB35.0 million (US$5.4 million), significantly higher than the loss of RMB3.3 million in Q2 2020. Monthly active users surged by 29.3% to 8.3 million, and total paying users grew by 58.1% to 724 thousand. For 2021, BlueCity forecasts revenue between RMB1.15 billion and RMB1.20 billion, indicating 12% to 16% growth.
BlueCity Holdings Limited (NASDAQ: BLCT) will announce its second quarter 2021 unaudited financial results on August 24, 2021, before U.S. market opens. The earnings conference call is scheduled for 8:00 AM EST on the same day. The company operates a leading online LGBTQ platform, connecting users globally through its mobile app, Blued. Available in 13 languages, Blued serves the LGBTQ community in 170 countries, making it the largest platform of its kind in several Asian countries.
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