<article>MM2 Asia has bid to acquire Lotus Fivestar Cinemas&#8217; assets, Gushcloud has rebranded as part of a regional growth strategy and  BitX is expanding to Europe.</article>

MM2 Asia has bid to acquire Lotus Fivestar Cinemas&#8217; assets, Gushcloud has rebranded as part of a regional growth strategy and  BitX is expanding to Europe.
<h3 style="text-align: justify;">MM2 Asia bids to acquire Lotus Fivestar Cinemas assets</h3>
<a style="color: #000080;" href="http://dealstreetasia.com/tag/mm2-asia" target="_blank">MM2 Asia</a> has announced an RM118 million (S$38.9 million) acquisition bid for the management and operations of 13 cinemas from Malaysia&#8217;s private-owned Lotus Fivestar Cinemas.
mm2 Asia said with the acquisition, it will own 133 cinema screens in Malaysia and emerged as the fourth largest cinema operator in Malaysia. According to the company, who announced the acquisition after trading hours on Tuesday, this acquisitive transaction is aligned with its strategy of diversifying into the downstream value chain of film production.
<h3 style="text-align: justify;">Gushcloud rebrands as part of regional growth strategy</h3>
Digital influencer, marketing and media company <a style="color: #000080;" href="http://dealstreetasia.com/tag/gushcloud" target="_blank">Gushcloud</a> has introduced a new logo, as part of its regional growth efforts, with offices in four new Asian markets:  the Philippines, Thailand, South Korea and Vietnam.
The expansion has allowed Gushcloud to secure a stronger regional presence with a presence in seven markets &#8211; including Malaysia, Indonesia and Singapore &#8211; and represents over 12,000 influencers and over 400 million subscribers.
“The acquisition of Gushcloud by <a style="color: #000080;" href="http://dealstreetasia.com/tag/yello-digital-marketing-group" target="_blank">Yello Digital Marketing Group</a> in 2015 has allowed the team to aggressively expand regionally to build the largest and leading influencer marketing network in Southeast Asia,&#8221; said  Vincent Ha, Chief Strategy Officer of Yellow Digital Marketing (YDM) Global and Co-Founder of Gushcloud
Together with my colleagues in the management team, we are focused and passionate to continue innovating in this space. We have plans to increase our presence in Asia with Japan and China next on our expansion list,” Ha adds.
To provide better solutions in the digital media and marketing sphere, Gushcloud has actively sought joint ventures (JVs) with regional partners in the digital entertainment industry. This has seen positive growth through the generation of new revenue pipelines.
Gushcloud’s recent joint venture with Korean mobile advertising company, Future Streams Network (FSN), saw the launch of a performance-based influence marketing app for brands – Cauly GC – in Thailand and Indonesia.
Gushcloud will also be partnering with Singapore’s veteran film producer, Daniel Yun, to announce its latest JV that will see it join the film industry &#8211; Blue3 Asia &#8211; with additional plans for conducting JVs with AJTV and JUKSY, a Taiwanese entertainment portal, to developing entertainment projects for the North Asian Market.
Most recently, Gushcloud also partnered Octane AI to launch a new self-help chat bot service for celebrities across Asia.
“We believe the next best way for the company to evolve is to work with various companies across the digital entertainment sphere. Hence, Gushcloud has dedicated time and resources alongside its partners to develop new ventures within the digital entertainment and film industry.” Althea Lim, Gushcloud&#8217;s CEO.
<h3 style="text-align: justify;">BitX expands to London</h3>
Cryptocurrency exchange <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/bitx" target="_blank">BitX</a> has been selected to participate in the testing as part of the first cohort of the UK Financial Conduct Authority’s ​Regulatory 
Sandbox​.
The announcement also marks BitX’s broader entry into the UK and European market. BitX (​www.bitx.co​) was founded in 2013 and built the first ever fully-integrated Bitcoin and <a style="color: #000080;" href="http://dealstreetasia.com/tag/blockchain" target="_blank">blockchain</a> pilot system for a major multinational bank.
They claims to be Southeast Asia and Africa’s largest cryptocurrency platform, providing highly secure consumer mobile wallets, institutional quality exchanges, and various API’s for merchant and other business integration. Individuals and businesses around the world use BitX for faster and cheaper money transfers, buying online, and trading and storing their Bitcoin.
As part of the Regulatory Sandbox, BitX will be running specific tests for both its Enterprise and Consumer business. The Enterprise tests will focus on the use of BitX’s FALCON (Fast and Low Cost Offsetting Network) protocol to help existing, licensed remittance businesses move GBP to other local currencies, using the blockchain and virtual currencies like Bitcoin as a clearing and settlement mechanism.
“We’re very excited to be working in the regulatory sandbox with the FCA’s Project Innovate team to test this revolutionary technology, and to ultimately make financial transactions faster, cheaper and safer for consumers,” said BitX CEO, Marcus Swanepoel.
“We see these tests as an important first step in building trust and confidence in Bitcoin and blockchain technology, and believe that this type of constructive co-operation between all stakeholders will be critical to the long term success of our industry”.
BitX has a team of over 35 employees based out of offices in London, Singapore and Cape Town. The business is Series A-funded and backed by the <a style="color: #000080;" href="http://dealstreetasia.com/tag/naspers-group" target="_blank">Naspers Group</a>, <a style="color: #000080;" href="http://dealstreetasia.com/tag/digital-currency-group" target="_blank">Digital Currency Group</a> (and <a style="color: #000080;" href="http://dealstreetasia.com/tag/venturra-capital" target="_blank">Venturra Capital</a>.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/singaporedeclout-subsidiary-to-divest-stake-in-asia-wiring-systems-57425/">SG Dealbook: DeClout divests Cambodian arm; NSL sells dry mix biz</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/sg-dealbook-st-telemedia-imperium-crown-56871/">SG Dealbook: ST Telemedia portfolio firm merges with CenturyLink; Imperium Crown invests in China cineplexes</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/sg-dealbook-59-56737/">SG Dealbook: SIA Engineering-Airbus launch JV; GKE Corp to acquire TNS Ocean Lines</a>

MM2 Asia to acquire Lotus Fivestar Cinemas' assets, Gushcloud rebrands as part of a regional growth and BitX is expanding to Europe.

SG Dealbook: MM2 Asia's acquisition; Gushcloud rebrands; BitX expands to Europe

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SG Dealbook: MM2 Asia's acquisition; Gushcloud rebrands; BitX expands to Europe

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