ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Feb 08, 2021 13:00 JST
Source:
Mogu Technologies
DHG LTD acquires smart router company, Mogu Technologies and MOGX Cryptocurrency
TOKYO, Feb 08, 2021 - (ACN Newswire) - DHG LTD., (Daiko Holding Group), a global communications group operating from Japan, announced the acquisition of Singapore-based smart router company Mogu Technologies PTE LTD ('Mogu'), effective as of January 18, 2020. The acquisition includes the mobile app, consumer smart router, and cryptocurrency (MOGX) business units of Mogu. DHG, who also operates the licenced Japanese crypto exchange BitGate and Planet (PLA) Token, welcomes both Mogu and MOGX to the expanding DHG portfolio.
In 2018, Mogu Technologies successfully launched the Mogu Smart Router Version 1.0 in mainland China, with plans to expand throughout Asia in 2020. After the emergence of SARS-CoV-2 (COVID-19), Mogu shifted focus to the Japanese market, partnering with DHG for distribution based on the organization's expertise in both logistics and communications in Japan.
As the controlling stakeholder in the Japanese cryptocurrency exchange, Bitgate, it was a natural progression for DHG to continue its goal for the mass application of blockchain and crypto in everyday Japanese life through the acquisition of Mogu. Now with the upcoming release of the Mogu Smart Router Version 2.0, DHG will also gain a competitive advantage in the wireless internet service provider (WISP) sector.
DHG LTD. CEO Akio Ito commented, "DHG's acquisition of Mogu provides a major growth opportunity through an extended service offering for our clients. As consumers begin to transition cryptocurrency into their daily lives, we will be best positioned to support them on that journey."
Media contact
Contact: Paul Kim
Company: Mogu Technologies
Email:
pr@mogutech.io
Website:
https://mogutech.io/
Source: Mogu Technologies
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
myBillBook Leverages CleverTap to Elevate Customer Engagement and Drive Revenue Growth
Nov 14, 2024 20:00 JST
ULVAC Launches Oil Rotary Vacuum Pump Gv135
Nov 14, 2024 10:00 JST
MHI Publishes MHI REPORT 2024
Nov 13, 2024 16:52 JST
SoftBank Corp. and Fujitsu Strengthen Partnership for Realization of AI-RAN Commercialization
Nov 13, 2024 12:38 JST
Predictive Heart Monitoring Startup, GPx, Secures New Investment From NEC X; Joins Elev X! Boost Venture Studio Program
Nov 13, 2024 12:05 JST
NEC receives order for next-generation supercomputer system from Japan's National Institutes for Quantum Science and Technology and National Institute for Fusion Science
Nov 13, 2024 11:16 JST
All-New Triton Wins Special Award at the RJC Car of the Year for 2025
Nov 12, 2024 22:09 JST
Toyota: HySE to participate in the Dakar 2025 "Mission 1000 ACT2" with the HySE-X2, to tackle further technical challenges
Nov 12, 2024 20:04 JST
NEC participates in COP29 climate change conference
Nov 12, 2024 19:25 JST
JA Mitsui Leasing and Fujitsu collaborate on simulation-driven field trials to optimize commercial EV adoption and drive decarbonization
Nov 12, 2024 13:57 JST
Macnica publishes Integrated Report on the theme of 'An Introductory Guide to Macnica's Mechanism'
Nov 12, 2024 13:00 JST
Hitachi: Established the Open Source Program Office (OSPO) to Globally Lead the Strategic Utilization of OSS
Nov 11, 2024 10:31 JST
Transgene and NEC Present New Data Confirming Clinical Proof of Principle for Neoantigen Cancer Vaccine, TG4050, in Head & Neck Cancer at SITC 2024
Nov 08, 2024 10:31 JST
Hitachi High-Tech and University of Tokyo Promote Joint Research for the Practical Application of High-resolution Laser-PEEM in the Semiconductor Field
Nov 07, 2024 18:19 JST
Mitsubishi Motors Acquires Its Own Shares from Nissan
Nov 07, 2024 17:20 JST
Honda Signs Sponsorship Agreement to Provide Electrified Vehicles at World Athletics Championships Tokyo 25
Nov 07, 2024 17:10 JST
Home of Fujitsu joint conservation project designated as first Nationally Certified Sustainably Managed Natural Site in Okinawa
Nov 07, 2024 14:51 JST
NEC and NEC Bio publish foundational work on T Cell Receptor engineering using proprietary generative AI at the Society for Immunotherapy of Cancer annual meeting
Nov 07, 2024 11:40 JST
Anime Tokyo Station 1st Anniversary Event: Celebrating one year since the opening of the new hub for sharing Japanese anime
Nov 07, 2024 11:00 JST
57% of Banking Executives Struggle with Data Silos, Blocking AI-Driven Personalization, CleverTap's New Report Highlights
Nov 06, 2024 15:30 JST
More Latest Release >>
Related Release
DHG LTD Releases Mogu Mobile App for Home WiFi and IoT Device Management
May 22 2021 09:00 JST
DHG LTD releases Mogu Smart Router (MSR) Version 2 in Japan
March 02 2021 12:00 JST
DHG LTD acquires smart router company, Mogu Technologies and MOGX Cryptocurrency
February 06 2021 06:00 JST
More Press release >>