SOUTH CHINA MORNING POST - Jan 22 - Kiss Hugs, a mobile dating app, was launched in November 2013 and Hong Kong-based angel investor Bigcolors took a 12.5% stake in the company a month later, providing most of its seed capital. With the sale of Kiss Hugs, Bigcolors has made a return of 5.6 times on its investment in the space of a year. Crowd Mobile notes that Asia is an attractive market for its high level of smartphone usage and significant growth in in-app spending.
by Howard Winn
See full article at South China Morning Post
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