27 Apr '16, 8am

Soft-World sets up joint venture in Indonesia - Digitimes

Soft-World sets up joint venture in Indonesia Heemie Weng, Taipei; Adam Hwang, DIGITIMES [Wednesday 27 April 2016] Online game developer and operator Soft-World International has announced the establishment of an Indonesia-based joint venture, PT. Maya Kartuku International, with Indonesia-based advertising agent PT. Damai Sejahtera Utama and Singapore-based financial consulting company Balius Capital Limited to promote MyCard, Soft-World's value-stored cards and credit points platform, as well as advertising services in Indonesia and other markets in Southeast Asia. PT. Maya Kartuku International has initial paid-in capital of US$2 million and Soft-World holds a 30% stake and hopes to increase the stake ratio to 60% eventually, Soft-World said. The joint venture will be headquartered in Jakarta and begin formal operation with an initial staff of about 10 in May 2016, Soft...

Full article: http://www.digitimes.com/news/a20160426PD208.html

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