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TAIPEI , Oct. 13, 2022 /PRNewswire=KYODO JBN/ --

Expanding with three primary strategies and planning to apply for the emerging

stock market in 2023

PressPlay, the first Influence Economy Group in Taiwan, announced that it had

completed Series B Funding with several hundred million. PressPlay plans to use

the investment to expand the overseas business, enlarge the organization, and

accelerate its influence ecosystem's growth with three cores: entertainment,

brand, and knowledge. PressPlay also plans to apply for the emerging stock

market in Taiwan in 2023 to extend its global influence through the power of

the capital market.

PressPlay expects to grow 50% in 2022 with the three cores

PressPlay was established in 2016 and introduced services closely connected to

everyone's daily life. PressPlay has created its influence ecosystem in three

core areas:

Entertainment influence: PressPlay now has exclusive contracts with 36 creators

in Taiwan and Hong Kong, of which 9 have over 1 million subscribers on YouTube.

Brand influence: Collaborated with several creators since 2019 to incubate

lifestyle product brand IPs.

Knowledge influence: PressPlay Academy (PPA)has built the most advanced online

learning platform in Taiwan with influence power and technology and provides

diverse learning methods and content.

PressPlay Group achieved 1400 million in gross revenue in 2021 and created a

93% annual growth rate with its business expansion.

PressPlay announces three major strategies and accelerates overseas expansion.

PressPlay officially announced IPO as its next step. PressPlay will keep

strengthening the existing strategies and focus on three primary strategies:

(1) Overseas Expansion: PressPlay will further introduce its monetization

business model for creators to overseas markets and aggressively increase

overseas collaboration opportunities.

(2) Cross-business profit maximization: PressPly launched Next Master business

to focus on creating online courses for creators and will enhance the

collaboration with knowledge content business (PPA) to maximize cross-business

profits.

(3) Online learning platform "double-perfection": PPA has enhanced video

shooting quality and created a "perfect" learning experience with AI

technology, covering the learning mechanism, interactive experience, learning

tools, creator content evaluation, etc.

PressPlay co-founder Dennis Lin said: "PPA will become a platform combining

technology, learning, and content creation this year. We strive to optimize the

learning experience and challenge to provide the best video quality among the

online learning platforms in Taiwan. We will continue to create a dynamic

online learning academy globally to be the leading brand in the market.

Media Contact: Yaki Cheng , pr@pressplay.cc  

Source: PressPlay

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