August 29, 2016 2:05 AM ET

Internet Software and Services

Company Overview of PapayaMobile

Company Overview

PapayaMobile operates as a social gaming networking service in China and internationally. It offers social farming and aquarium, and calculator games. The company also operates an open mobile social network for Android focused on casual gaming and virtual currency. In addition, it offers gaming identity, email, forum communities, picture sharing, instant messaging, and location based gaming services for its users. PapayaMobile was founded in 2008 and is based in Beijing, China. The company has additional offices in Menlo Park, California; and London.

Beijing,  

China

Founded in 2008

Key Executives for PapayaMobile

Co-Founder and Chief Executive Officer
Co-founder and Chief Technology Officer
Head of Business Development
Compensation as of Fiscal Year 2016.

PapayaMobile Key Developments

Papaya Seeks Acquisitions

PapayaMobile is seeking acquisitions. The funds raised from Papaya's IPO at the National Equity Exchange and Quotations(NEEQ) in Beijing with expecting to raise up to $40 million of funding will be used for acquisitions. "The IPO will enable us to raise more funds to implement an aggressive international M&A (mergers and acquisitions) plan,” said Shen Si, co-founder and Chief Executive of the company. Shen said the company will acquire at least two local advertising technology companies in the US, Europe or India. “Through acquisitions, we aim to gain an existing client base, advanced technology or advertising audience,” Shen said.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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