BlueCity Holdings Limited (NasdaqGM:BLCT) is looking for investments and acquisitions. Alfred Chung-Chieh Ying, Chief Strategy Officer said, "In addition to the organic growth from the better products via R&D, we are evaluating potential strategic investments and acquisitions in the market and sectors which have greater synergies to our current product portfolio. Therefore, we will remain committed to further exploring those opportunities to complement our current business and expand our reach to a broader range of users".