Company:Asia Innovations Group

From HandWiki
Asia Innovations Group
IndustryMobile Social Company
Founded2013; 11 years ago (2013) in Singapore, Asia
Founders
  • Andy Tian
  • Ouyang Yun
Headquarters
Singapore
,
Singapore
Number of locations
18 offices worldwide
Area served
Around the world
Products
  • Uplive
  • Lamour
  • CuteU
  • Haya
Websiteasiainnovations.com

Asia Innovations Group Limited (ASIG) is a mobile social company based in Singapore. ASIG has an integrated portfolio of social, gaming and e-commerce platforms including apps such as Uplive, the live video platform, CuteU and Lamour, the live dating apps, and Haya, live voice social app.[1][2][3][4][5]

History

Asia Innovations Group (ASIG) was founded in 2013 by Andy Tian and Ouyang Yun.[6][7][8][9]  It currently has eighteen offices in cities including Cairo, Delhi, Tokyo, Taipei, Jakarta,[10] Hong Kong, Ho Chi Minh City, and Los Angeles .[11]

ASIG's focus is on serving users from the Major Emerging Markets (MEMs) including Southeast Asia, Middle East, North Africa, and Latin America.[12][13]

As of July 2023 ASIG has more than 700 million users for all of its apps from over 150 countries and regions around the world.[14]

Social apps

ASIG operates a number of social apps. Following are a few notable ones.

Uplive

Uplive is a social platform for audio and video livestreaming. As of October 2022, it has more than 300 million registered users in over 150 countries.[15] Uplive ranks #1 in Taiwan and few Arab countries among live streaming apps.[16] In partnership with Google, Uplive provides real-time text-to-text and speech-to-text translations for more than 120 languages in the world.[17]

CuteU

It is a live dating app that incorporates real-time video matching.[18]

Lamour

It is also a live dating app that connects people through real-time voice, video and text messages. It was founded in 2019, the same year; it stood No. 7 and No. 12, respectively, in Google Play's non-gaming app ranking list. The same year it ranked in the list of the top 10 apps by revenue in seven countries in the region. Lamour connects users without any language barrier, that is, its AI based algorithm translates the language of the users to each other.[19]

Funding and growth

In September 2022, ASIG announced that it would go public in USA via SPAC with a merger with Magnum Opus Acquisition. The merger is expected to bring cash of $200 million for ASIG.[1]

References

  1. ↑ 1.0 1.1 Liu, Roxanne; Wu, Kane (2022-09-30). "Singapore's Asia Innovations Group plans U.S. listing via $2.5 bln SPAC merger" (in en). Reuters. https://www.reuters.com/markets/asia/singapores-asia-innovations-group-plans-us-listing-via-25-bln-spac-merger-2022-09-30/. 
  2. ↑ "Live streaming is the gig economy of the pandemic era, Uplive says" (in en). 2021-06-25. https://www.scmp.com/business/companies/article/3138685/millions-turn-livestreaming-earn-living-during-covid-19-pandemic. 
  3. ↑ "Parent of Social Platform Uplive Is Discussing Deal With E.Merge SPAC" (in en). Bloomberg.com. 2022-05-24. https://www.bloomberg.com/news/articles/2022-05-24/social-platform-uplive-said-to-discuss-deal-with-e-merge-spac. 
  4. ↑ "Uplive parent ASIG poised to pursue acquisitions once SPAC listing completes" (in en). 2022-12-07. https://www.scmp.com/business/banking-finance/article/3202360/uplive-parent-asig-poised-expand-through-acquisition-upon-completion-spac-listing-despite-icy-tech. 
  5. ↑ Wierson, Arick (2022-07-01). "Meta and Twitter Should Learn from AIG" (in en-US). https://www.worth.com/aig-meta-twitter-andy-tian-creators-emerging-markets/. 
  6. ↑ "Singapore's Asia Innovations Group plans US listing via $2.5b SPAC merger" (in en). https://www.dealstreetasia.com/stories/asia-innovations-spac-merger-309766/. 
  7. ↑ "Arab youth is proving key to growth of the creator economy in the region" (in en). 2022-06-08. https://arab.news/nhysu. 
  8. ↑ Works, Bamboo (2022-10-06). "Asia Innovations SPAC Listing: Based In Singapore, But Made In China | Seeking Alpha" (in en). https://seekingalpha.com/article/4544960-asia-innovations-spac-listing-based-in-singapore-but-made-in-china. 
  9. ↑ Pandaily (2022-10-01). "Mobile Social Company Asia Innovations Group to Go Public in US via SPAC Merger" (in en-US). https://pandaily.com/mobile-social-company-asia-innovations-group-to-go-public-in-us-via-spac-merger/. 
  10. ↑ Pandaily (2021-07-01). "Asia Innovations Group Plans U.S. IPO, Eyeing between $600 Million to $800 Million" (in en-US). https://pandaily.com/asian-innovation-group-plans-u-s-ipo-eyeing-between-600-million-to-800-million/. 
  11. ↑ "What's it like to work for Asia Innovations Group (AIG)?" (in en-US). 28 January 2020. https://alariss.com/employer/asia-innovations-group-aig/. 
  12. ↑ 孙迟. "Social apps log sharp growth". https://global.chinadaily.com.cn/a/202109/06/WS61357283a310efa1bd66d828.html. 
  13. ↑ Murphy, Izzy (2021-10-08). "Meet Andy Tian, Founder of Asia Innovations Group" (in en-GB). https://techround.co.uk/interviews/meet-andy-tian-founder-of-asia-innovations-group/. 
  14. ↑ BrandRoom, INQUIRER net (2022-01-05). "Uplive Worldstage: Discovering the best" (in en). https://business.inquirer.net/338190/uplive-worldstage-discovering-the-best. 
  15. ↑ "4個月收益突破1億大關！台灣發跡的「Up直播」母公司將在明年赴美上市｜Meet創業小聚" (in zh-Hant-TW). https://meet.bnext.com.tw/articles/preview/49669. 
  16. ↑ Mao, Jill. "China streaming app plots bumper IPO | asia innovations, andy tian, ipo, china, uplive, venture capital, tmt". https://www.financeasia.com/article/china-streaming-app-plots-bumper-ipo/436706. 
  17. ↑ "Uplive adds Indian regional language support | Mobile | News | Rapid TV News". https://www.rapidtvnews.com/2018102253902/uplive-adds-indian-regional-language-support.html#axzz7RedJaG14. 
  18. ↑ Release, Press. "Regional creator economy expected to rise in popularity" (in en). https://www.zawya.com/en/press-release/companies-news/regional-creator-economy-expected-to-rise-in-popularity-d0noqsqg. 
  19. ↑ Wierson, Arick. "To bumble or not to bumble: Does Asia need its own dating apps?" (in en). https://e27.co/to-bumble-or-not-to-bumble-does-asia-need-its-own-dating-apps-20210215/. 

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