Line And Tencent Pour $110M Into Korea’s 4:33 Creative Lab Games Studio Atul Singh Thursday, 13 November 2014 No Comment

Line And Tencent Pour $110M Into Korea’s 4:33 Creative Lab Games Studio

Line, the Japanese messaging app with 500 million registered users, and China’s Tencent, maker of the 600-million user WeChat messaging app, are teaming up to invest in getting more content on their platforms — and less for their competitors. The pair have invested $110 million in 4:33 Creative Lab, a games studio based out of Korea. The news was originally reported in the Korean press (via Korea Herald and Business Korea), and we have today confirmed the details with Takeshi Idezawa, the COO of Line.
“We’re just getting started on our global investment strategy. We’re going global hand in hand,” he said of the deal.
The investment is strategic on a couple of levels.
First, it will give Line and WeChat direct access to original games. This is important since both companies have built out messaging apps that act more as communication and content sharing platforms (think Facebook rather than Facebook Messenger). That business has seen them extend not just into gaming and media but also other kinds of content like paid-for stickers, and a wave of other services like voice calls, payments and even taxis (no comment from Idezawa on whether that will lead to a deal with the likes of  Uber or Lyft).

Read MORE

Tweet

by Atul Singh

Atul Singh is a Tech blogger. He enjoys to share tech news. He always try to make his readers comfortable. For more iformation you can contact him.

Follow him @ Twitter | Facebook | Google Plus

Tags: news