Next Entertainment (Hong Kong) Limited
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Next Entertainment (Hong Kong) Limited - overview
Established
2017
Location
Shenzhen, Guangdong, China
Primary Industry
Software
About
Established in 2017 and based in Shenzhen, China, Next Entertainment (Hong Kong) Limited operates a live video streaming platform called MeMe Live. The platform allows users to create, share and broadcast their videos for social media integration, promotional tools and earning cash rewards. In November 2019, M17 Entertainment Limited, a portfolio company of Vertex Ventures Southeast Asia & India, 5Y Capital, Woori Venture Partners, Z Venture Capital, Headline Asia, Majuven, Prometheus Capital, Convergence Ventures, K2 Global, Golden Equator Capital, Sebrina Holdings, Stonebridge Ventures, DAOL Private Equity, agreed to acquire Next Entertainment (Hong Kong) Limited. Financial details of the transaction were not disclosed.
Current Investors
17LIVE Inc.
Primary Industry
Software
Sub Industries
Social Networking & Communication Platform, Music & Video Streaming Software
Website
www.meme.chat
Verticals
Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Next Entertainment (Hong Kong) Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Next Entertainment (Hong Kong) Limited | - |
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