Singapore-based social media platform BIGO announces $100 million investment in India
Singapore-based social media platform BIGO Technology on Monday announced an investment of over $100 million to expand its business in India in the next three years, creating nearly 1,000 jobs.
As part of the investment, the internet company will start a regional centre by the end of this year in the country that will create employment opportunities for more than 1,000 tech professionals.
According to Jason Hu, Chief Technology Officer, BIGO Technology, as India is the second-largest market for smartphones amid growing internet infrastructure and has a vast young population, the company has taken the decision.
"India will act as a complementary centre to Singapore's Research and Development Centre. This step is the first-of-its-kind for BIGO, and a testament to the growing need for overseas centres as our user base grows," Hu said in a statement.
Fill out the form and a member of our team will get back to you shortly. Usual response time 1-2 hours.
With over 40 patents in VoIP/video-related technology and over 60 patents under the process of application, BIGO Technology is one of the major companies globally in the field of app development and publishing of apps.
The company, which has built a strong team of over 100 Artificial Intelligence (AI) experts and engineers, recently received series D funding of $272 million.
In addition to the India Centre, BIGO would open two more regional research centres - one in the US and another one in MENA-Europe region by the end of this year.
The company's live-streaming app BIGO LIVE currently has a registered user base of 200 million globally.
Another short video app from the company called "LIKE" has hit 20 million daily active users around the globe.
Article Source: the news minute
Up to 15% Returns on Investment
Fixed return investments fully backed by properties.
*15% p.a. paid at the end of the term on capital gain option*
Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.
For a company that mainly offers investments into real estate and that has only yesterday launched a new product: ETA Rental Guarantee; and with thousands of properties in Pattaya, this might sound a bit suicidal as the current Occupancy rate is Pattaya has dropped...
If you are one of the thousands of property owners that have been patiently or possibly more realistically, frustratingly, trying to find a buyer willing to pay anywhere near the amount you originally paid for your property then you are not going to like what’s coming...
James Murdoch , younger son of media mogul Rupert Murdoch , has set up the first office outside the US for his new investment firm, Lupa Systems, in Mumbai. It will be led by his former associate Nitin Kukreja, who said, “James has always been bullish on India. It’s a...
UP TO 15% PER YEAR FIXED RETURN
3 year investment plan, ideal for first-time investors.
Flexible Payment Options
Option to receive interest payments monthly or quarterly.