Update from Singapore: NGI Group was the lead investor in HiPiHi's funding round, according to HiPiHi Founder & CEO Hui Xu at a press conference here in Singapore. The amount of funding was not disclosed. Both companies will be participating in the Virtual Worlds Conference in San Jose in Oct. HiPiHi confirmed a round of strategic investment today at the State of Play V conference in Singapore including, it seems, with significant interest from the ngi group, formerly Netage It also announced a global strategy: "First, HiPiHi will cooperate with global leaders in the Internet and communication industry to establish a set of relevant hardware and software standards for the development of the 3D platform. Second, HiPiHi will cooperate with other major 3D virtual worlds to finalize these standards, and bring the possibility for users to interact and transact between different virtual worlds. Lastly, HiPiHi will actively build its “Global Market Partnership Project”, “Third Party Developer Project” and “Community Partnership Project”, to establish a HiPiHi virtual world global value chain. "
Last month we reported that ngi was forming a virtual worlds software development division. It's already working to develop Second Life applications, so there are certainly money ties between HiPiHi and other major virtual worlds. It remains to be seen which other virtual worlds will want to collaborate with HiPiHi on standards.
HiPiHi announces Global Strategy
HiPiHi Ltd., the China-based founder of the 3D virtual world, announced its global strategy on 20th August 2007 in Singapore，and has confirmed their strategic investors, including ngi group.
3D Internet and virtual worlds are foreseen to be the next generation of Internet. HiPiHi’s global strategy is definitely a timely response to this forthcoming revolution. It aims to boost the ecosystem of the 3D virtual world and establish a world-wide collaboration in this market.
There are three parts involved in HiPiHi’s global strategy. First, HiPiHi will cooperate with global leaders in the Internet and communication industry to establish a set of relevant hardware and software standards for the development of the 3D platform. Second, HiPiHi will cooperate with other major 3D virtual worlds to finalize these standards, and bring the possibility for users to interact and transact between different virtual worlds. Lastly, HiPiHi will actively build its “Global Market Partnership Project”, “Third Party Developer Project” and “Community Partnership Project”, to establish a HiPiHi virtual world global value chain.
Working with the strategic investors such as ngi group to develop Asian markets (such as Japan market), is one of the most important steps in HiPiHi’s global strategy.
The well-known global venture capital firm, ngi group (formerly known as netage group), is also one of the largest shareholders of Japan’s largest social network “mixi”. HiPiHi and ngi group will cooperate in many aspects, including the capital, market, business, customers, partner resources, and together propel the development of the virtual world to the next level.
Hui Xu, founder and CEO of HiPiHi, anticipates the future of this global strategy. “It is just a beginning of the globalization of the 3D virtual world. It is our pleasure to cooperate with our strategic partners such as ngi group to witness the birth of China-oriented virtual world and contribute to its growth.”
Satoshi Koike, CEO of ngi group is also happy with their cooperation. “We are very glad to participate in this fast-growing and promising HiPiHi virtual world. We believe that the cooperation between ngi group and HiPiHi Ltd. will become a milestone in the development of virtual worlds. It is an innovative cooperation in the global virtual world market.”
The comments from industry experts on this cooperation are also very positive. “This cooperation shows that, HiPiHi, as a pioneer of China-oriented 3D virtual world, is standing side by side with other virtual world developers at the start line of this market. ” says Wilson Wan, vice president of IDC (China), the premier global provider of market advisory services, “They will together propel the globalization of 3D virtual worlds. ”
For more information，Please contact Ms. Cindy Jiang
Tel: ＋86 10 5873 1100 Ext. 864
email: cindy.jiang@hipihi.com
The virtual words software is going to be a huge industry. There are so many application for 3d world simulations. At melbourne museum in Australia there is a 3d hologram display which is absolutely incredible. It is related to 3d world simulations although you need specific glasses to view the hologram.
Posted by: roulette strategy man | November 02, 2008 at 07:46 PM