Indonesia: Online gaming marketplace itemku raises $1.2m from 500 Startups


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 »

India Dealbook: L’Occitane leads $6m funding in MyGlamm; Nazara Games invests in London-based TrulySocial

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 »

Genting sells UK online gaming biz to Genting Malaysia for $11m

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 »

MY Dealbook: Fututech buys two construction firms for $108m; Halex picks majority in Cambodian gaming co; IOI Corp acquires German oleochem plants for $102m

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 »

YuuZoo buys ‘key assets’ of Chinese mobile game developer

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 »