Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, October 13 2022 - 11:00
AsiaNet
PressPlay Completed Series B Funding to Accelerate its Business Expansion
TAIPEI , Oct. 13, 2022 /PRNewswire-AsiaNet/ --

Expanding with three primary strategies and planning to apply for the emerging 
stock market in 2023


PressPlay, the first Influence Economy Group in Taiwan, announced that it had 
completed Series B Funding with several hundred million. PressPlay plans to use 
the investment to expand the overseas business, enlarge the organization, and 
accelerate its influence ecosystem's growth with three cores: entertainment, 
brand, and knowledge. PressPlay also plans to apply for the emerging stock 
market in Taiwan in 2023 to extend its global influence through the power of 
the capital market.

PressPlay expects to grow 50% in 2022 with the three cores

PressPlay was established in 2016 and introduced services closely connected to 
everyone's daily life. PressPlay has created its influence ecosystem in three 
core areas:

Entertainment influence: PressPlay now has exclusive contracts with 36 creators 
in Taiwan and Hong Kong, of which 9 have over 1 million subscribers on YouTube.

Brand influence: Collaborated with several creators since 2019 to incubate 
lifestyle product brand IPs.

Knowledge influence: PressPlay Academy (PPA)has built the most advanced online 
learning platform in Taiwan with influence power and technology and provides 
diverse learning methods and content.

PressPlay Group achieved 1400 million in gross revenue in 2021 and created a 
93% annual growth rate with its business expansion.

PressPlay announces three major strategies and accelerates overseas expansion.

PressPlay officially announced IPO as its next step. PressPlay will keep 
strengthening the existing strategies and focus on three primary strategies:

(1) Overseas Expansion: PressPlay will further introduce its monetization 
business model for creators to overseas markets and aggressively increase 
overseas collaboration opportunities.

(2) Cross-business profit maximization: PressPly launched Next Master business 
to focus on creating online courses for creators and will enhance the 
collaboration with knowledge content business (PPA) to maximize cross-business 
profits.

(3) Online learning platform "double-perfection": PPA has enhanced video 
shooting quality and created a "perfect" learning experience with AI 
technology, covering the learning mechanism, interactive experience, learning 
tools, creator content evaluation, etc.

PressPlay co-founder Dennis Lin said: "PPA will become a platform combining 
technology, learning, and content creation this year. We strive to optimize the 
learning experience and challenge to provide the best video quality among the 
online learning platforms in Taiwan. We will continue to create a dynamic 
online learning academy globally to be the leading brand in the market.

Contact: Yaki Cheng, pr@pressplay.cc

Source: PressPlay

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