QuickView: User base growth continues
migme (MIG.ASX) is headquartered in Singapore and provides a social entertainment platform targeted at the rapid growth forecast for smartphone and mobile internet usage in emerging markets. The initial focus is Indonesia, Philippines and India, where MIG has first-mover advantage. By taking a different approach to the more established Facebook, MIG believes its platform will have little competition for its freemium offering. In September 2015 MIG raised A$10.11m (A$1.00 per share) before costs, to fund further market development.
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