Malaysian firm MYEG to invest $2.4m in China AR/VR firm Ximmerse

A young man plays the augmented reality mobile game “Pokemon Go” by Nintendo at Puerta del Sol square in Madrid, Spain July 28, 2016. REUTERS/Sergio Perez

Malaysian e-government services provider MY E.G. Services Berhad has announced that it will invest CNY15.0 million (around $2.4 million) for a 3.125 per cent interest in mobile augmented reality and virtual reality developer Ximmerse.

In an official statement, MYEG said that the investment agreement was signed on Monday by its venture investment arm MY E.G. Capital Sdn Bhd. The Malaysian service provider joins a number of other companies that have invested in the Chinese firm, including Lenovo Group, Guangfa Group and other financial investors.

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