A year later, the Sinar Mas Group is serious work on multimedia business through its subsidiary, PT Dian Swastika Sentosa Tbk. The strategy: from forming a joint venture to place funds in multimedia companies that are pioneering businesses or start-ups.
The
latest, together with East Ventures, Sinar Mas lead syndicated data,
the disbursement of funds worth 5 million US dollars to start up Moi
Corporation. It is a Japanese company that develops TwitCasting live streaming platform in Android.
Quoted from thebridge.jp, Moi Corporation will use these funds to TwitCasting outside Japan. Having 6.5 million users with 15,000 new applicants every day,
TwitCasting largest market outside Japan is the United States and
Brazil, with 16 percent of users TwitCasting from Brazil.
Earlier,
passing Dian Swastika, Sinarmas add funds to MyRepublic Limited,
internet service providers from Singapore segede 19.63 million Singapore
dollars. Action-added capital via the subsidiary Dian Swastika Sunshine Network Pte. Ltd. 24,349,998 shares equivalent. Thus, Sunshine, MyRepublic shareholding to 21.5 percent.
Dian Swastika fund corporate actions of the multimedia business development budget this year amounted to 50 million US dollars. The company will use Rp 200 billion from the budget to build a fiber
optic network through its granddaughter, PT Mora Quatro Multimedia.
Since
mid-2013, Dian Swastika foray into e-commerce business by forming a
joint venture company PT Indonesia together Excite Excite Japan Co.,
Ltd. Dian Swastika and exite each disbursed 1.5 million US dollars.
While
acknowledging the potential business start-up multimedia tempting, Dian
Swastika claimed not want a total entered in this business. In MyRepublic for example, "In this year, we are still a minority,"
said Director and Corporate Secretary of Dian Swastika Sentosa Hermawan
Tarjono, to KONTAN, Monday (21/07/2014).
Pun in Excite. Companies coded share in the DSSA is not yet willing to put large funds because they find the form of digital business.
However, DSAA sure to focus work MyRepublic business, Mora Quatro and Excite. "Our principle for business start-up entry is not dare to spend large capital before seen progress," said Hermawan.