GCL Asia and Wan Xin Culture Technology Company Announce Signing of MOU Allocating USD $100 Million Collaboration to Boost Southeast Asian Gaming Market

May 23, 2024

https://www.prnewswire.com/news-releases/gcl-asia-and-wan-xin-culture-technology-company-announce-signing-of-mou-allocating-usd-100-million-collaboration-to-boost-southeast-asian-gaming-market-302152969.html

SINGAPORE, May 23, 2024  /PRNewswire/ — Leading Southeast Asian games distributor Epicsoft Asia, a subsidiary of GCL Asia, has signed a Memorandum of Understanding (MoU) with Wan Xin Culture Technology Company, a subsidiary of Chinese conglomerate Wan Xin Media Group. This MoU marks the beginning of an anticipated five-year collaboration to jointly allocate over USD 100 million to investment in intellectual property (IP) creation, game development, publishing opportunities exploration, and game studio acquisitions.

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