Chinese tycoon who bought Grindr paying $1B in divorce

The Chinese tech tycoon who bought gay dating app Grindr is paying his wife $1.1 billion in a divorce settlement.

Zhou Yahui, chairman of online gaming firm Beijing Kunlun Tech, agreed to transfer hundreds of millions of shares in the firm to his wife, Li Qiong.

Members of the Chinese media are calling the split one of the most expensive in the country's history.

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