All tagged Migme ASX:MIG

migme Quarterly Operations Report

migme (ASX:MIG) reported Monthly Active Users of 33 million at the end of December, up by more than 2m than expected. Part of the increase was due to a campaign with an Indonesian soap opera that delivered over 5m new users. The Company is restructuring its business, reducing costs and streamlining apps as it looks to ramp up the roll-out in 2017. The Company believes that it is on track to be cashflow positive in 2017.

migme expands ecommerce platform with launch of migshop

Global digital media company migme Limited (ASX:MIG) has expanded its ecommerce offering with the launch of the migshop store in India and Indonesia. migshop is another important step is developing migme as a social ecommerce platform, a highly successful and common business model in the Asian region that combines online shopping with the power of social networking and recommendations. Initially migshop will offer a curated selection of products from ecommerce merchants Lazada and Snapdeal.

migme - Board Changes

Global digital entertainment company migme (ASX:MIG) has advised of the resignations of Non-Executive Director Dmitry Levit and Chairman Howard Dawson. Both men have been directors of migme since it listed on the ASX in 2014. CEO and founder Steven Goh said they had both made a valuable contribution to the growth of the company and thanked them  for their services.  He said he look forward to welcoming new board members in coming months.

Migme Limited - Quarterly Operations Report

Global digital entertainment company migme Limited (ASX:MIG) has released its March quarterly operations report, which shows that Monthly Active Users of the migme service have grown to 39 million and revenue increased by 32% quarter-on-quarter to $7.1 million. Other significant developments during the quarter including the MoU and capital raising with Chinese photo and video app company Meitu and the agreement signed with leading entertainment and sport agency Creative Artists Agency.

migme completes the acquisition of Shopdeca to fuel ecommerce expansion

Global digital media company migme Limited has completed the acquisition of Indonesian e-commerce business Shopdeca in a deal that is expected to lead migme's expansion in "social e-commerce" throughout south-east Asia. The social e-commerce strategy will see migme leveraging its social user community and platform partners to grow user engagement and revenues for the e-commerce business.