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Asia Innovations Group

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Asia Innovations Group
IndustryMobile Social Company
Founded2013; 11 years ago (2013) in Singapore, Asia
Founders
  • Andy Tian
  • Ouyang Yun
Headquarters
Singapore
,
Singapore
Number of locations
18 offices worldwide
Area served
Around the world
Products
  • Uplive
  • Lamour
  • CuteU
  • Haya
Websiteasiainnovations.com

Asia Innovations Group Limited (ASIG) is a mobile social company based in Singapore. ASIG has an integrated portfolio of social, gaming and e-commerce platforms including apps such as Uplive, the live video platform, CuteU and Lamour, the live dating apps, and Haya, live voice social app.[1][2][3][4][5]

History

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Asia Innovations Group (ASIG) was founded in 2013 by Andy Tian and Ouyang Yun.[6][7][8][9] It currently has eighteen offices in cities including Cairo, Delhi, Tokyo, Taipei, Jakarta,[10] Hong Kong, Ho Chi Minh City, and Los Angeles.[11]

ASIG's focus is on serving users from the Major Emerging Markets (MEMs) including Southeast Asia, Middle East, North Africa, and Latin America.[12]

As of July 2023, ASIG has more than 700 million users for all of its apps from over 150 countries and regions around the world.[13]

Social apps

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Uplive

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Uplive is a social platform for audio and video livestreaming. As of October 2022, it has more than 300 million registered users in over 150 countries.[14] Uplive ranks #1 in Taiwan and few Arab countries among live streaming apps.[15] In partnership with Google, Uplive provides real-time text-to-text and speech-to-text translations for more than 120 languages in the world.[16]

CuteU

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It is a live dating app that incorporates real-time video matching.[17]

Lamour

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It is also a live dating app that connects people through real-time voice, video and text messages. It was founded in 2019, the same year; it stood No. 7 and No. 12, respectively, in Google Play's non-gaming app ranking list. The same year it ranked in the list of the top 10 apps by revenue in seven countries in the region. Lamour connects users without any language barrier, that is, its AI based algorithm translates the language of the users to each other.[18]

Funding and growth

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In September 2022, ASIG announced that it would go public in USA via SPAC with a merger with Magnum Opus Acquisition. The merger is expected to bring cash of $200 million for ASIG.[1]

References

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  1. ^ a b Liu, Roxanne; Wu, Kane (30 September 2022). "Singapore's Asia Innovations Group plans U.S. listing via $2.5 bln SPAC merger". Reuters. Retrieved 20 January 2023.
  2. ^ "Live streaming is the gig economy of the pandemic era, Uplive says". South China Morning Post. 25 June 2021. Retrieved 20 January 2023.
  3. ^ "Parent of Social Platform Uplive Is Discussing Deal With E.Merge SPAC". Bloomberg.com. 24 May 2022. Retrieved 21 January 2023.
  4. ^ "Uplive parent ASIG poised to pursue acquisitions once SPAC listing completes". South China Morning Post. 7 December 2022. Retrieved 21 January 2023.
  5. ^ Wierson, Arick (1 July 2022). "Meta and Twitter Should Learn from AIG". Worth. Retrieved 21 January 2023.
  6. ^ "Singapore's Asia Innovations Group plans US listing via $2.5b SPAC merger". DealStreetAsia. Retrieved 29 January 2023.
  7. ^ "Arab youth is proving key to growth of the creator economy in the region". Arab News. 8 June 2022. Retrieved 29 January 2023.
  8. ^ Works, Bamboo (6 October 2022). "Asia Innovations SPAC Listing: Based In Singapore, But Made In China | Seeking Alpha". seekingalpha.com. Retrieved 29 January 2023.
  9. ^ Pandaily (1 October 2022). "Mobile Social Company Asia Innovations Group to Go Public in US via SPAC Merger". Pandaily. Retrieved 29 January 2023.
  10. ^ Pandaily (1 July 2021). "Asia Innovations Group Plans U.S. IPO, Eyeing between $600 Million to $800 Million". Pandaily. Retrieved 29 January 2023.
  11. ^ "What's it like to work for Asia Innovations Group (AIG)?". Alariss Global. 28 January 2020. Retrieved 29 January 2023.
  12. ^ 孙迟. "Social apps log sharp growth". global.chinadaily.com.cn. Retrieved 29 January 2023.
  13. ^ BrandRoom, INQUIRER net (5 January 2022). "Uplive Worldstage: Discovering the best". INQUIRER.net. Retrieved 29 January 2023.
  14. ^ "4個月收益突破1億大關！台灣發跡的「Up直播」母公司將在明年赴美上市｜Meet創業小聚". meet.bnext.com.tw (in Chinese). Retrieved 29 January 2023.
  15. ^ Mao, Jill. "China streaming app plots bumper IPO | asia innovations, andy tian, ipo, china, uplive, venture capital, tmt". FinanceAsia. Retrieved 29 January 2023.
  16. ^ "Uplive adds Indian regional language support | Mobile | News | Rapid TV News". www.rapidtvnews.com. Retrieved 29 January 2023.
  17. ^ Release, Press. "Regional creator economy expected to rise in popularity". www.zawya.com. Retrieved 29 January 2023.
  18. ^ Wierson, Arick. "To bumble or not to bumble: Does Asia need its own dating apps?". e27. Retrieved 29 January 2023.
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