TECH CRUNCH - Apr 26 - Dating app Paktor, 'The Tinder of Southeast Asia,' is moving into live-streaming and media content after it announced a merger deal with Taiwanese startup 17 Media. Paktor currently offers four dating apps - core service Paktor and acquired apps Down, Kickoff and Goodnight - while 17 Media's runs its 17 live-streaming app, photo social network Swag and video group chat service Lit. The new entity is expecting ~$100M in annual revenue and 50M users. The list of established companies moving into streaming is nearly endless. Facebook, Instagram, YouTube, Twitch, Momo, and fast-growing Kuaishou among others.
by Jon Russell
See full article at Tech Crunch
Update: M17 has raised an undisclosed amount in investment from Korean VC firm KTB Network as part of a larger round, which is due to close in a few weeks.
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Summarized by the Courtland Brooks team