The joint investment valued Appota at about $50 million.
By Antonia Timmerman
Five-Jack, the makers of online gaming marketplace Itemku, has raised $1.2 million in funding from seed stage venture capital firm 500 Startups, with participation by several unnamed South Korean venture capital firms. With the funding, Itemku will expand its operations to Southeast Asia within the second half of this year…. Read more »
French cosmetics maker L’Occitane led a $6m funding round in MyGlamm, while India’s Nazara Games invested in London-based gaming firm TrulySocial. French beauty products maker L’Occitane leads $6m funding in MyGlamm French cosmetics manufacturer L’Occitane is leading a $6-million funding round in on-demand beauty services startup MyGlamm, according to a report in The… Read more »
Malaysia’s Berjaya Corporation Berhad, or BCorp, and Berjaya Sports Toto Berhad have jointly announced they were granted investment registration certificate to win an exclusive 18-year contract to invest in and operate a nationwide computerised lottery in Vietnam.
Gambling giant Las Vegas Sands Corp‘s Chief Executive Sheldon Adelson said on Friday that a long-term slide in Macau‘s gaming market is close to bottoming out, with a turnaround in sight in 2016 after 18 consecutive months of declines. “We are at the beginning of the shift in the cycle from a… Read more »
Microsoft Corp unveiled on Tuesday its first laptop, a line of Lumia smartphones, a new Surface Pro tablet and an updated version of its wearable fitness tracker, Microsoft Band, all running on Windows 10, its latest operating system. Microsoft is counting on Windows 10, launched in July, to help it… Read more »
Genting Bhd and its owners, the Lim family, are disposing their online gaming business in the UK to Genting’s 49.3 per cent-owned subsidiary, Genting Malaysia Bhd, for £7.2 million ($10.92 million) cash. This is to help streamline the group’s gaming business there under a single management team. The UK online gaming business is… Read more »
Acquisition deals are aplenty in the Malaysian corporate world as Fututech seeks to acquire two construction companies, Halex Holdings enters the Cambodian gaming market through a majority stake purchase in VW Win and IOI Corp buys two oleochemical plants in Germany to strengthen its downstream business. Fututech to acquire Kerjaya… Read more »
Singapore-listed social e-commerce company YuuZoo Corporation announced Tuesday that it had acquired ‘key assets’ of Camigo Media LLC, a leading mobile game developer based in China. The deal includes user data for over 26 million users as well as 11 leading mobile games and the Camigo brand, the company added…. Read more »