http://www.nytimes.com/2016/09/16/world/asia/china-divorce-grindr-kunlun.html 2016-09-15 13:51:34 Chinese Tycoon Behind Grindr Will Pay $1.14 Billion in Divorce The transfer of shares to Zhou Yahui’s wife is the latest example of a split affecting the fortunes of a Chinese company. === BEIJING — Divorce can take a toll. For the Chinese tycoon behind the gay dating app Zhou Yahui, a Chinese internet mogul and billionaire, will have to transfer nearly 300 million shares of his company to his wife, Li Qiong, according to a statement from the company. The document does not say why, but That apparent split is the latest to show how divorces can have a significant impact on the commercial ventures of some of China’s wealthiest business leaders. Mr. Zhou, 39, earned his fortune developing web and mobile games. In January, he made headlines when his company, Beijing Kunlun World Wide Technology Share Company, In a Monday ruling, the Haidian district court in Beijing awarded Ms. Li 70.5 million of Kunlun’s shares. Based on the most recent stock price, Ms. Li’s shares are worth about $1.14 billion. The huge equity transfer would make this one of the Neither Kunlun nor Grindr could be reached for comment on Thursday, which is a holiday in China. Resolving matters of the heart can be especially costly in China because many of China’s billionaires derive a significant chunk of their personal wealth from equity shares in businesses they control. When couples divorce, the division of marital assets has significant effects on their personal finances. The well-publicized 2012 Tudou, a Chinese video streaming service, had to delay its 2010 initial public offering after Yang Lei, the ex-wife of its chief executive officer, Gary Wang, By comparison, Mr. Zhou may be emerging from his former marriage somewhat better off. After the equity transfer, Mr. Zhou will still hold on to 388 million shares in Kunlun, retaining a majority 35 percent stake in the company. According to the