Gowork plans to use the proceeds to expand aggressively and triple its footprint over the next year.
The acquisition is expected to be completed by the end of 2018, which will add more profit to KinerjaPay with a total sales of US$39 million.
The deal would bring Tencent into direct competition with arch rival Alibaba, which entered the Philippines last year when it invested in Voyager’s competitior: Mynt.
The cloud file service startup will use the capital to boost its presence in the Southeast Asia market, specifically in Singapore.
PassTools.com –a leading digital startup platform recently launched a website that talks about technology and its implementation. Winnipeg, Canada – October 2, 2018 — PassTools.com is a leading digital…
Ringier AG said this acquisition is in line with the company’s strategy to become a well-digitized media company.