ICI will be an extremely exciting strategic partner to EM1. ICI has 350 million mobile gamers over 300 games. Can you imagine what this number means to creating a eSports community ?! Lets say just 3% take up rate will translate to 10 million gamers . I found at the link below that the average revenue per gamer per quarter is US$1.70, which translates to US$6.80 per annum.
10 million gamers from iCandy running eSports will provide US$68m additonal revenue to both ICI and EM1. I think ICI would be a great trade since they come from low base and has very tight cap structure. It has not appreciated as much as EM1 last few weeks IMO. The company has really interesting shareholder too including Baidu, third largest chinese Internet company with a marketcap of US$60 billion (NASDAQ:BIDU) and also top notch Japanese VC IncubateFund. Notably Honma, a rep from IncubateFund , sits on the Board of ICI and this guy sold a game company (PocketLabo) for US$170 million ! https://e27.co/incubate-funds-masahiko-honma-on-silliness-missed-deals-and-investing-funda-20151020/ These are real heavy-weight executives of game industry, that no doubt EM1 will benefit from collaborating with.
ICI is a safe trade that is bound to soar, EM1 is with great momentum. I will trade both IMO.
EM1 Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held