TECH IN ASIA - Nov 4 - Taiwanese social media startup M17 Group has acquired MeMe Live, a livestreaming platform focused on markets in Asia Pacific. The company claims that the deal would bring its total market share of the livestreaming industry in developed Asia to 60%. The company also expects the acquisition to help it reach annual group revenues of $1B. Established in April 2017, M17 is the holding firm for Taiwanese livestreaming portal 17 Media, Singapore-based dating app Paktor Group, business-to-business live commerce service HandsUP, and artist agency Unicorn Entertainment. The financial details of the deal were not disclosed.
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