TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Telefonica Press Room

Tracker

Tsinghua Holdings Technology and Innovation invests in Spanish firm Ludei

Via Telefonica Press Room

Nov 26, 2015

Madrid, 26 November 2015.- Telefónica has today announced a significant development in its alliance with China Unicom and Tsinghua Holdings Technology and Innovation (THTI), with THTI to invest USD 300,000 in Spanish firm Ludei, a product of its Open Future_ accelerator programme. Ludei has previously received investment from Kibo Ventures, through its Amerigo network of funds, which invests in Telefónica Open Future_ startups.

Ludei, a company engaged in simplifying the creation of apps and games for different mobile platforms, is a Spanish startup with 20 employees and offices in Bilbao and San Francisco. Its competitive advantage is that its applications are developed in the HTML 5 programming language, which enables them, after just a few changes, to be used as apps for iOS, Android and Windows Phone. Users only need to upload the apps to the cloud to enable Ludei's platform, CocoonJS, to process them and return them in an app that can be downloaded in Apple, Google or Microsoft stores. This is a flourishing business model as, according to consulting services company Gartner, by the end of 2016, 70% of apps will be based on HTML5.

This injection of capital will also enable Ludei to launch in China, where it is to open a new office in Beijing. This will give it access to the world's largest market for videogames and applications in general which, according to consultants Newzoo, in 2015 will generate USD 22.2 billion in a country with 700 million smartphones.

The company has also entered into agreements with partners like Chinese mobile devices maker Xiaomi, and Maxthon, one of the leading browsers in the Asian country, and within the next few weeks expects to access a round of financing amounting to USD 2 million.

Eneko Knörr, CEO at Ludei, said, “We are very grateful to THTI, China Unicom and Telefónica Open Future_ for this opportunity to enter China, since it is a country where the entire ecosystem of applications based on HTML5 is becoming a reality. In China, they are further ahead than in Silicon Valley in everything concerning the mobile sector”.

“We are very pleased with this, the first investment by THTI in a company in our portfolio, because it clearly shows that the diversification of our portfolio and the commitment we are making to companies offering unique innovative technological solutions is what consumers over the world are demanding. In addition, the fact of being present with brick-and-mortar offices on three continents is of great benefit for the ecosystem we are working with, as it allows them to go international”, added Ana Segurado, director of Telefónica Open Future_.

ENDS

Related Topics
  • 6G R&I,
  • Asia-Pacific,
  • China Unicom,
  • Contract Award,
  • Device Software & Apps,
  • Devices,
  • Digital Platforms & Services,
  • Mobile,
  • News,
  • Telefónica,
  • Tracker

More Like This

Edge

Akraino Release 4 enables Kubernetes across multiple edges, integrates across O-RAN, Magma, and more

Feb 26, 2021

5G

MyDIGITAL is critical to advance Malaysia and the key is in its execution

Feb 26, 2021

5G

Swisscom selects TEOCO for 5G network planning

Feb 25, 2021

Access Evolution

ADVA announces record Q4 2020 results and reports full year 2020 figures

Feb 25, 2021

Access Evolution

Telefónica’s net income grows 38.5% in 2020 to reaches €1.582 billion

Feb 25, 2021

This content extract was originally sourced from an external website (Telefonica Press Room) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

On-demand Workshop: How to build your cloud native 5G core platform

16:48

The case for mmWave in 5G networks

25:55

The Private Mobility Opportunity for Enterprises

12:04

VMware learnings from DISH 5G rollout

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices