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Manny Pacquiao buys stake in Singapore mobile gaming and ad firm

From left to right: Archie Teo, Eldee Tang, Kenneth Mark Yong, Senator Manny Pacquiao, Ivan Lee and Arnold Vegafria

L-r: Archie Teo, Eldee Tang, Kenneth Mark Yong, Senator Manny Pacquiao, Ivan Lee and Arnold Vegafria

Manny Pacquiao, the Philippines’ most famous sports person who is now in politics, has acquired a stake in Gtoken, a Singapore-based crowdsourced mobile games publisher and ad platform.

The boxer and senator has acquired a “meaningful stake” in the company, although how much of the business he has bought has not been divulged.

Gtoken has around one million users in Southeast Asia, Taiwan and China, and is currently valued at an estimated US$60 million.

In a press statement, Pacquiao said: “As a world champion in professional sports and a fighter all my life, I know what it takes to succeed on the global scale. I’m confident that GTOKEN has that special fighting spirit to be one of the strongest global players in the mobile gaming and advertising space and I’m proud to be part of the team.”

Kenneth Mark Yong, CEO of Gotoken, added: “We are especially honoured to have Senator Manny Pacquiao believing and investing in our vision to build the fastest growing crowdsourcing community for gamers, developers and publishers alike.”

Gotoken is the latest addition to Pacquiao’s collection of investments made over the years, which have included a water refilling station, fashion boutique, petrol station, dermatology clinic and an economy hotel.

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