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17 Aug 2019, Edition - 1495, Saturday

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Singapore Based BIGO Technology Announces USD 100M Investment in India

Covai Post Network

  • Will empower more than 1000 tech professionals

  • Strive to make the voice of the GREAT INDIA be heard by the world

 

BIGO Technology, one of the fastest growing Singapore based Internet company dedicated to technology & innovation has announced big investment plan of over USD 100 Million for its business in India over a span of next three years.

 

BIGO Technology

By opening a regional centre in India, BIGO Technology is the first Singapore based Internet company to step outside and become a growing local power. With over 40 patents in VoIP/Video related technology and over 60 patents are under the process of application, BIGO Technology is one of the major companies globally in field of app development and publishing of apps.

 

Jason HU – Co-founder & CTO, BIGO Technology stated that India being the second largest market for smartphones, the growing Internet infrastructure and the blooming young population are the three key points to make this decision.

 

We are truly humble by the Indian people and their diversified culture. We strive to make the voice of the GREAT INDIA be heard by the world, and we're making it come true with our new centre and seeking partnership with government,” Jason said.

 

Soon the company will start its regional centre in India and will be creating employment opportunities to more than 1000 tech professionals. As per Mr. Hu, India has a strong culturally driven and diversified population. One need to get them embedded into the roots and makes their offerings acceptable by the people. This is why BIGO Technology is coming up with their own facility in India.

 

BIGO Technologies had recently received series D funding of USD 272 million in June 2018. The company has built a strong team of over 100 AI experts and engineers to spearhead the global technological needs. The company follows customer centric approach and thus in order to safeguard its online users, it has developed one of the worlds strongest Artificial Intelligence backed up by a strong moderation model. This system has not only been beneficial to BIGO Technology, but is also assisting various other countries to vigilante the content on the Internet. Policing of inappropriate content still remains the top priority for this Singapore’s giant.

 

By opening this centre BIGO Technology is not just helping Indian Economy to grow faster but also wants to win trust of their users by offering locally adapted products. In addition to expand their reach, BIGO is about to open two more Regional research centres – one in the USA and another one in MENA-Europe region by the end of this year. This step will make BIGO Technology stand as a truly global brand.

 

About BIGO Technology

BIGO Technology headquartered in Singapore, is a mobile Internet company focused on live streaming and video sharing technology and platform services. BIGO Technology is committed to building a leading global social video broadcast community.  It has established footprints with a strong presence in emerging markets such as South-Eastern Asia, Middle East, and United States. The company has finalized series D funding with 272 million USD in June 2018, which paved the way for further global expansion.

 
Source: Newsvior

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