Mogu Technologies PTE LTD Acquired by Japanese firm DHG LTD

This content is provided by a sponsor

Japanese group DHG LTD (Daiko Holding Group) has announced the acquisition of Singapore-based smart router company Mogu Technologies PTE LTD (‘Mogu’), effective January 18, 2021. The acquisition includes the mobile app development, consumer home router, and cryptocurrency (MOGX) business units of Mogu. DHG, who also operates the licenced Japanese exchange BitGate and the Planet (PLA) Token, welcomes both Mogu and MOGX to the DHG portfolio.

With the upcoming release of the Mogu Smart Router Version 2 in Japan, the acquisition of Mogu positions DHG as a major competitor in the wireless internet sector. DHG hopes to provide both internet access and router hardware distribution to consumers throughout Japan.

In 2018, Mogu Technologies released the Mogu Smart Router Version 1 in mainland China with plans to introduce subsequent versions throughout Asia. With the emergence of SARS-CoV-2 (COVID-19), Mogu shifted focus to the Japanese market, choosing DHG as their sole distribution partner throughout Japan.

As an organization with expertise in both logistics and cryptocurrency, DHG is uniquely qualified to launch the Mogu brand in Japan and MOGX throughout Asia. DHG CEO Akio Ito also commented:

“DHG’s acquisition of Mogu provides a major growth opportunity through an extended service offering for our clients. As consumers begin their transition to a unified internetsolution, we will be best positioned to support them on that journey.”

next

Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.