ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
Home
Press release
May 22, 2019 15:00 JST
Source:
KDDI Corporation
KDDI and SUMITOMO to enter Myanmar's Mobile Game Industry
TOKYO, May 22, 2019 - (JCN Newswire) - KDDI CORPORATION and SUMITOMO CORPORATION plan to jointly operate a mobile game publishing business in Myanmar through FUNCREATE MYANMAR LTD. (FCM), a subsidiary of Singapore-based joint venture FUNCREATE PTE. LTD. (FC).
Both FC and FCM are assembling a repertoire of mobile device games from Japan and other countries which they plan to localize and distribute throughout Myanmar. They will also implement promotional activities. By delivering the world's popular mobile games throughout Myanmar, the partners will contribute to establishing the comfortable and enriching of lifestyles.
Myanmar's population of approximately 53 million[1] has a mobile phone dissemination rate of over 100%, and more than 70% of the devices in use are smartphones[2]. A compound annual growth rate (CAGR) of 52%[3] is forecast for the mobile game market, in line with development of the mobile phone market. The new business plan aims to attract more than 1 million downloads of each game title on offer.
In conjunction with this game business effort, KDDI is building a strategic partnership with goGame Pte. Ltd, a Singapore-based mobile game service provider with knowledge and experience that enables it to excel at game procurement, development, operation and marketing throughout Asia. The result will be a synergistic effect in combination with KDDI's experience and expertise in the field of smartphone apps.
SUMITOMO CORPORATION is attracting interest with its overseas implementation of animation and other content. As part of that effort, it initiated a mobile game sales operation centering on North America in 2018. In Myanmar, SUMITOMO CORPORATION will provide strategic marketing proposals for the new mobile game business operation, tailored to the local market.
KDDI and SUMITOMO CORPORATION, in partnership with Myanmar Posts and Telecommunications (MPT), are jointly operating a telecommunications business in Myanmar. For this new business, KDDI and SUMITOMO CORPORATION will combine know-how and experience about the mobile gaming business, and also the customer base of the joint operation. The result will be enhanced synergy that contributes to Myanmar's economy and industry, as well as the lifestyle of its citizens.
Joint venture overview
(1) Name: FUNCREATE PTE. LTD.
(2) Location: Republic of Singapore
(3) Representative: Managing Director Hideki Shimizu
(4) Business operations: Acquisition and development of mobile game titles
(5) Established: Nov. 22, 2018 (joint venture as of Apr. 26, 2019)
(6) Shareholding ratio: KDDI 51%, SUMITOMO CORPORATION 49%
Subsidiary overview
(1) Name: FUNCREATE MYANMAR LTD.
(2) Location: Yangon Region, Republic of the Union of Myanmar
(3) Representative: Managing Director Hideki Shimizu
(4) Business operations: delivery, marketing and operation of mobile game titles in Myanmar
(5) Established: Nov. 30, 2018
(6) Shareholding ratio: FUNCREATE PTE. LTD. 100%
Notes:
[1] IMF statistics, current as of 2018.
[2] GSMA statistics, current as of 2018.
[3] KDDI/SUMITOMO CORPORATION survey results, current as of 2016.
About KDDI
KDDI is the second largest telecommunication service provider in Japan, offering both mobile and fixed-line communications. With it's 60-year history and well-established base of over 50 million customers, and through mobile services and shops offering its "au" brand, KDDI is expanding services to the "Life Design" business, which includes fintech, e-commerce and nationwide electric power utility services.
KDDI is focused on creating smart infrastructure through IoT technologies and open innovation with partners and start-up companies in diverse industries. It is also accelerating the global growth of its telecommunications consumer business with operations in Myanmar and Mongolia, and in the global ICT business with the TELEHOUSE brand. KDDI (TYO:9433) is listed on the Tokyo stock exchange.
http://www.kddi.com/english/
.
Source: KDDI Corporation
Sectors: Telecoms, 5G, eSports, Gaming, Wireless, Apps, Regional
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST
Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category)
Apr 18, 2024 10:53 JST
All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating
Apr 18, 2024 09:22 JST
Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan
Apr 17, 2024 16:17 JST
Honda Unveils Next-generation EV Series for China
Apr 17, 2024 12:15 JST
Lexus presents Time at the 2024 Milan Design Week
Apr 16, 2024 18:49 JST
Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Apr 16, 2024 14:36 JST
New circuit challenge for TOYOTA GAZOO Racing
Apr 15, 2024 17:21 JST
TOYOTA GAZOO Racing back on asphalt for Croatian challenge
Apr 12, 2024 19:36 JST
Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
Apr 12, 2024 14:39 JST
MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
Apr 11, 2024 18:08 JST
Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
Apr 11, 2024 17:50 JST
DOCOMO, NTT, NEC and Fujitsu Develop Top-level Sub-terahertz 6G Device Capable of Ultra-high-speed 100 Gbps Transmission
Apr 11, 2024 15:10 JST
Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
Apr 11, 2024 13:07 JST
Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
Apr 10, 2024 16:55 JST
Transgene and NEC Present First Clinical Benefits of Neoantigen Cancer Vaccine, TG4050, in Head & Neck Cancer at AACR 2024
Apr 10, 2024 13:36 JST
DENSO, Companies Initiate Demonstration to Expand Automotive Recycling Process
Apr 09, 2024 19:07 JST
Mitsubishi Power Receives Order from HK Electric for Natural-gas-fired GTCC Power Generation Equipment
Apr 09, 2024 15:04 JST
More Latest Release >>
Related Release
KDDI, Cisco, and Fujitsu start full-scale operation of telecommunications network to reduce power consumption by approximately 40%
10/31/2023 12:19:00 PM JST
Japan Industry Partners Launch Trials to Strengthen Cybersecurity Against Threats in the Telecoms Industry
8/1/2023 10:55:00 PM JST
JAXA Selects a Consortium to Study Navigation and Communication Development for Lunar Surface Activities
2/15/2022 2:00:00 PM JST
KDDI Shanghai receives UiPath award for outstanding contribution to sales in China
3/31/2020 12:00:00 PM JST
KDDI subsidiaries in America, Singapore, Thailand and Vietnam certified as UiPath Gold Partners
3/4/2020 12:00:00 PM JST
'SORACOM with KDDI', Partnering with KDDI Overseas to Advance IoT Business Worldwide
8/3/2018 2:00:00 PM JST
KDDI VIETNAM, DEEP C Industrial Zone successfully test Vietnam's first Industrial zone IoT remote electric power meters
5/28/2018 4:00:00 PM JST
More Press release >>