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Japan’s Moi fundraises $5 million for mobile live streaming app TwitCasting

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Moi Corporation, the company behind Japanese mobile live streaming app TwitCasting, announced that it has fundraised $5 million from Indonesia’s Sinar Mas Group leading and Japanese seed investor East Ventures also participating. Our readers may recall that the company raised $634,000 from East Ventures back in May 2013. See our past articles featuring this startup: Live-streaming app TwitCasting surpasses 2 million users, but founder is a little distressed Japan’s livestreaming app TwitCasting to soon hit 3M users, is now winning fans overseas 15 Japanese startups pitch at Rising Expo 2013, TwitCasting takes top prize Video sharing in Japan: Twitcasting and Vine prove popular among teenagers Japanese livestreaming app TwitCasting to support collaborative broadcasting via TechCrunch

moi_featuredimage

Moi Corporation, the company behind Japanese mobile live streaming app TwitCasting, announced that it has fundraised $5 million from Indonesia’s Sinar Mas Group leading and Japanese seed investor East Ventures also participating.

Our readers may recall that the company raised $634,000 from East Ventures back in May 2013.

See our past articles featuring this startup:

via TechCrunch

Excite Japan and Indonesia’s Sinar Mas to launch online mobile ad business

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Excite Japan, one of Japan’s leading internet portals, announced today that it has teamed up with Jakarta-based conglomerate Sinar Mas, to start working an online ad service in Indonesia. The companies previously established up a joint venture called Excite Indonesia earlier this month. The new company will launch an online ad service that gives rewards to mobile users of SmartFren Telecom, one of Indonesia’s largest mobile operators. They hope to acquire 100 advertisers by the end of this year, and expect the annual turnover to reach 600 million yen (about $6.12 million) in 2017. This is the first time for Excite Japan to launch a local office outside Japan. The company is expecting to explore more business opportunities in Southeast Asian region in the future. Excite Japan is a subsidiary of Japan’s largest trading company Itochu Corporation. In Taiwan, it has invested in two companies: e-commerce platform PCHome, and the review site Fashion Guide. Should this point rewards system prove successful in Indonesia, the company plans to bring it to the Philippines next.

excite_sinarmas_smartfren

Excite Japan, one of Japan’s leading internet portals, announced today that it has teamed up with Jakarta-based conglomerate Sinar Mas, to start working an online ad service in Indonesia.

The companies previously established up a joint venture called Excite Indonesia earlier this month. The new company will launch an online ad service that gives rewards to mobile users of SmartFren Telecom, one of Indonesia’s largest mobile operators. They hope to acquire 100 advertisers by the end of this year, and expect the annual turnover to reach 600 million yen (about $6.12 million) in 2017.

This is the first time for Excite Japan to launch a local office outside Japan. The company is expecting to explore more business opportunities in Southeast Asian region in the future.

Excite Japan is a subsidiary of Japan’s largest trading company Itochu Corporation. In Taiwan, it has invested in two companies: e-commerce platform PCHome, and the review site Fashion Guide. Should this point rewards system prove successful in Indonesia, the company plans to bring it to the Philippines next.