New Partnership — Singapore Game Company Cloud Alliance Announces Partnership with Hong Kong Mainboard Listed Company Shunten International’s Wonderful Future Enterprises
Cloud Alliance (“CA”), a Singapore-headquartered technology firm that provides payment solutions, game localisation, marketing and advertising services to game developers, has signed a collaborative agreement to form a new partnership with Wonderful Future, a wholly owned subsidiary of Hong Kong listed company Shunten International (formerly known as RM Group).
Shunten International is a licensed clearing house of WeChat’s cross-border payment business in Hong Kong, one of the largest e-wallet in the Greater China region and eager to expand into other markets.
CA’s network of local payment solution in Southeast Asia will be complemented by Shunten’s wealth of experience in payment processing, regulatory compliance and market insight in Taiwan, China and Hong Kong. The entities will be working hand-in-hand to expand their range of services and capitalise on the opportunities in the Asia Pacific region.
About Cloud Alliance:
Cloud Alliance, is a Singapore-headquartered technology firm that provides payment solutions, game localisation, marketing and advertising services to game developers. Cloud Alliance was founded by entrepreneurs with a collective experience of more than 30 years in the video game publishing and payments industries in Asia. Cloud Alliance’s flagship product, CloudMoolah, is a payment aggregator integrated within the Unity Technologies’ game development software and is offered alongside other in-app-purchase (IAP) products from technology giants such as Apple, Google, Amazon, Facebook, Xiaomi and Samsung. CloudMoolah allows Unity developers to enable in-app revenue collection from more than 500,000 retail point of sales across Southeast Asia where the average credit card penetration rate is less than 3%.
About Shunten International:
Shunten International (Holdings) Limited is a Hong Kong Listed Company (SEHK stock code : 932). The company was formerly known as RM Group Holdings Limited and listed on the Growth Enterprise Market (“GEM”) of The Stock Exchange of Hong Kong Limited (“Stock Exchange”) since 11 October 2013. On 20 November 2015, the listing of the shares of the Company has been transferred from the GEM to the Main Board of the Stock Exchange.
The Company engaged in the sales, marketing and distribution of online advertising agency and online payment services in Hong Kong and the PRC.
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