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BOOK 2017

GDI-Power-Book-17

Power book

Power book 2017 joseph phua Founder & CEO, paktor 2016 was another big year for Asia’s leading dating group, Paktor. Fresh from securing a massive $32.5m funding round co-led by venture capital firm K2Global and media company PT Media Nusantara Citra Tbk, it acquired a controlling stake in 17 Media, a Taiwan-based live streaming platform with over 15m users. Its first acquisition, the move signals founder Joseph Phua’s ambitious long term plan for Paktor Group to diversify beyond dating, venturing into the social entertainment space. Phua followed this with an acquisition of US casual app Down - previously called Bang With Friends - for “several million”. The Paktor app, which is localised for 17 markets, also introduced a range of features that helped its user base cross the 20m mark, as its new premium service pushed the company towards a 22x YoY revenue growth. With a strong presence in six countries – Indonesia, Malaysia, Singapore, Taiwan, Thailand and Vietnam - Paktor has plans to expand to a seventh country, South Korea. Phua expects the app to continue growing in 2017 as its offline dating unit, GaiGai/Paktor Premium, establishes a foothold in both Singapore and Taiwan. “2016 was another big year for Asia’s leading dating group, Paktor.” 22

www.globaldatinginsights.com 23

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