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Dr. Fung further adds, ” I expect BuzzCity will expand in Africa, Middle East and Latin America, and strengthen our operations across Asia, Europe and US.” BuzzCity which is a Singapore based mobile content and services company, also owns myGamma a mobile social network, received $10 million from MIH.

This is just in: According this news piece Tencent Holdings Ltd a hongkong listed firm said it has secured an option to acquire up to 50 pct of MIH India Global Internet Ltd. They will be doing so by investing about 7.5 million $ over the next 3 years in the company. As some of you might know that Ibibo.com and its family of sites i.e. dwaar.com and onefamily.com which form a part of Ibibo Web Pvt Ltd in India are owned by MIH India Global Internet Ltd.