Gobi Partners has invested SGD1m (US0.79m) in Corous360, a Singapore-headquartered games cloud company targeting the Southeast Asian market.
Kay-Mok Ku, general partner of Gobi Partners Singapore, will be joining the board of Corous360. Kay-Mok said: “The online game market in Southeast Asia is under-penetrated compared to China. Although the total population of Southeast Asia is almost half of China, its game market is less than one-tenth of China. This is probably due to the fragmented and heterogeneous markets in Southeast Asia. With the advent of casual online and mobile games, which are more universally appealing in nature, we believe that there will be room for a unified, cloud-based game publishing platform to allow publishers and developers to deliver their games directly to Southeast Asia, and we believe Corous360 is well-positioned to take advantage of this emerging trend.”
Gobi is backed by strategic investors including IBM, McGraw-Hill, Nokia Growth Partners, NTT DoCoMo, Sierra Ventures and Steamboat Ventures.
Government partners also include the Shanghai Pudong Science and Technology Investment Company and the Tianjin Hi-Tech Group.