Category: Lamour

Singapore-based Firm Behind Uplive and Lamour to List on NYSE

Posted on October 3, 2022

Asia Innovations Group logoSCMP – Asia Innovations Group (ASIG), the tech start-up behind live streaming service Uplive and dating app Lamour, is set to become a publicly listed company on the New York Stock Exchange through a merger with Magnum Opus Acquisition. The acquisition is expected to close in the Q1 of 2023. The estimated value of the company once merged is $2.5B. Existing shareholders of ASIG will own 84% of the combined company. In 2020 the company nearly doubled its registered users to 312M, further increasing that to 400M as of Dec 2021. Revenue grew 100% YOY in 2021.

by Mia Castagnone
See full article at SCMP

See the top news on Lamour

This post also appears on InternetDatingInvestments.com

Chinese AIG Claims 350M Registered Users

Posted on September 7, 2021

AIG logoGLOBAL CHINA DAILY – Asia Innovations Group (AIG), a global operator of mobile social platforms and services, is mainly focusing on emerging markets, including the Middle East, North Africa, South Asia (especially India and Pakistan), Southeast Asia, the Chinese mainland, Hong Kong, Macao and Taiwan, with 12 offices across the globe. Founded in 2013, AIG offers a rich product portfolio that mainly covers video social, social dating and social fandom. As of March 31, it had ~350M registered users. Uplive, a live video social platform, allows viewers to broadcast and view real-time videos. The app has ~200M registered users. Lamour, which offers video dating, voice and text messages and mini-games, was the most downloaded mobile dating app in emerging markets last year. At present, the majority of AIG's revenue comes from virtual gifts.

by Fan Feifei
See full article at Global China Daily

See the top news on Lamour

This post also appears on Very Social Network

Millions Turn to Livestreaming to Earn a Living During the Pandemic

Posted on June 26, 2021

Aig logoSCMP – June 24 – Many people and businesses would not have survived the pandemic if it were not for the gig economy, says co-founder of live streaming service Uplive. Asia Innovations Group, the start-up behind Uplive and Lamour, is planning an IPO in New York in the second half of this year. The Beijing-based company nearly doubled its registered users to 312M at the end of 2020. User numbers topped 400M in June. Other products in the AIG portfolio include social dating app Lamour, fan site SupreFans, online payment service China International Communications Network and dating apps Wink and FancyU. AIG raised $140M at the start of 2021.

by Chad Bray & Tracy Qu
See full article at SCMP

See the top news on Lamour

Emerging Markets Need Dating Apps With Fresh Flavor and Flair

Posted on March 18, 2021

Lamour logoKR-ASIA – Mar 18 – VCs targeting emerging markets don't invest enough in the mobile dating sector – and that's a mistake, says Andy Tian, co-founder of AIG. Lamour is an app that makes video chats the center of its user experience. Launched in June 2019 by Beijing-based firm Asia Innovations Group (AIG), the platform claims to be the most-downloaded social dating app in major emerging markets. In India, Lamour registered 14M users as of Dec 2019, just six months after its local launch, becoming the most downloaded dating app in the country, according to Sensor Tower. Lamour has been at the center of controversies. It was accused of using bots and hiring women to pose as interested users to chat with men and lure them to pay. From Sep 2020, the app has been banned by the Indian government. Lamour had ~60M users as of Dec 2020. 30% of the app revenue comes from subscriptions and the majority of the revenue comes from virtual gifts.

by Stephanie Pearl Li
See full article at Kr-Asia