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Singapore based BIGO Technology announces USD 100M investment in India

Updated: 19-02-2019 12:48 IST
Singapore based BIGO Technology announces USD 100M investment in India

BIGO Technology, one of the fastest growing Singapore-based Internet companies dedicated to technology & innovation, has announced big investment plan of over USD 100 Million for its business in India over a span of next three years.

By opening a regional centre in India, BIGO Technology is the first Singapore-based Internet company to step outside and become a growing local power. With over 40 patents in VoIP/Video related technology and over 60 patents are under the process of application, BIGO Technology is one of the major companies globally in field of app development and publishing of apps.

India being the second largest market for smartphones, the growing Internet infrastructure and the blooming young population are the three key points to make this decision stated Jason HU - Co-founder & CTO, BIGO Technology.

“We are truly humble by the Indian people and their diversified culture. We strive to make the voice of the GREAT INDIA be heard by the world, and we're making it come true with our new centre and seeking partnership with government,” said Jason.

Soon the company will start its regional centre in India and will be creating employment opportunities to more than 1000 tech professionals. As per Hu, India has a strong culturally driven and diversified population. One need to get them embedded into the roots and makes their offerings acceptable by the people. This is why BIGO Technology is coming up with their own facility in India.

BIGO Technologies had recently received series D funding of USD 272 million in June 2018. The company has built a strong team of over 100 AI experts and engineers to spearhead the global technological needs. The company follows customer centric approach and thus in order to safeguard its online users, it has developed one of the world’s strongest Artificial Intelligence backed up by a strong moderation model. This system has not only been beneficial to BIGO Technology, but is also assisting various other countries to vigilante the content on the Internet. Policing of inappropriate content still remains the top priority for this Singapore’s giant.

By opening this centre BIGO Technology is not just helping Indian Economy to grow faster but also wants to win trust of their users by offering locally adapted products. In addition to expand their reach, BIGO is about to open two more Regional research centres - one in the USA and another one in MENA-Europe region by the end of this year. This step will make BIGO Technology stand as a truly global brand. This story is provided by NewsVoir. (ANI)