Zank, a social service for Chinese homosexuals, raised several million yuan in seed funding from Matrix Partners China in May this year. Zank, actually, has been around for three years as an online gay community. It got funding in less than one month after the launch of a mobile app.

It’s unknown whether it is the first case that a homosexual-targeted tech startup has got funded. What’s for sure is Chinese investors have set eyes on the market potential of Internet services for LGBT groups.

An investor I got talked to recently seemed excited about the newly emerged online/mobile services for LGBT groups, counting  that they would spend all the money other Chinese would spend on wedding, raising kids and child’s education — accounting for the largest spendings of Chinese families apart from real estate — on those Internet services.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com