Singapore digital media firm migme raises $5m from photo editing app partner Meitu

Singapore digital media firm migme raises $5m from photo editing app partner Meitu

Visual from Meitu website.

ASX-listed, Singapore-based digital media company migme has raised AU$6.99 million ($5 million) from strategic partner Meitu Investment Ltd, a leading video and photo editing app.

As part of its memorandum of understanding with new strategic partner Meitu, migme has placed 11,650,000 of its shares with the photo-app firm at AU$0.60 apiece raising AU$6,990,000.

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