M17 sells its online dating assets to focus on live streaming – TechCrunch
M17 Entertainment announced today that it has sold its online dating assets to focus on its core live streaming business in Asia and other markets.
Paktor Pte, which operates Paktor dating app and other services, was acquired by Kollective Ventures, a venture capital advisory firm.
In its announcement, Taipei-based M17 said the sale will allow it to focus on expanding its live streaming business in markets including Taiwan, Japan and Hong Kong.
Its live streaming apps include 17LIVE (an English-language version is called Livit), Meme Live and live-streaming e-commerce platforms HandsUP and FBBuy.
In a statement, M17 CFO Shang Koo said, “As our Japan live streaming business has skyrocketed, we found we were unable to devote the same level of internal resources to our dating business in Southeast Asia.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
67% of Series A funded startups in 2017 were already generating revenue before being funded.
Search Startup Around
Boost Your Discovery with Us
Advertise with us to boost your article, content pience, product, event, conference discovery to our readers which includes founders, startup enablers, investors and every key stakeholders from global startup eco-system.