BIGO announces possible acquisitions at its official Cube TV launch in Thailand, Malaysia and Vietnam
Wednesday, 13 June 2018 SINGAPORE, June 13, 2018 /PRNewswire/ -- BIGO officially launches Cube TV in Thailand, Malaysia and Vietnam as part of its expansion strategy and has identified these 3 markets to be its key markets in South East Asia region. The app is focused on mobile gaming livestreaming, eSports arena and a game shopping mall and boast to give gamers in the region a step up in eSports arena.BIGO currently has 4 different services namely BIGO LIVE (Mobile entertainment livestreaming app), Cube TV (Mobile gaming livestreaming app), LIKE (Short video app), Hello Yo (Voice chatroom app).
At all three of its launches, the Singapore-based internet company announced that the company is currently looking at buying out potential businesses as part of its global expansion after the recent successful series D financing round which raised $272 million USD.
"It has been a good first half of the year for BIGO especially with our recent successful funding round, this is definitely an extremely exciting year for the company as we accelerate our expansion efforts with a group target of $1 Billion USD in revenue. We have identified countries such as Japan, South Korea, United States and Australia as our global key markets where we are currently working to grow the operation teams in there. We are extremely confident in our products and we will continue to place emphasis and focus on entertainment livestreaming and mobile-gaming livestreaming, respectively." James Wang, Vice-President, BIGO.
CEO David Li, founded BIGO LIVE in March 2016 and headquartered in Singapore. BIGO is a mobile Internet company focused on live streaming technology and platform services, and is committed to build a leading global social video broadcast community. BIGO LIVE has over 200 million users globally in over 20 countries and regions and is currently the market leader in the industry. It is also the fastest growing live platform. BIGO has 4 product lines namely, BIGO LIVE (Mobile entertainment livestreaming app), Cube TV (Mobile Gaming livestreaming app), LIKE (Short video app), Hello Yo (Free voice chatroom app).
BIGO TECHNOLOGY PTE LTD