Alibaba Group's global investment arm completes $5 million strategic investment in PopReach

05 November 2020
Client work

On November 5, 2020, PopReach Corporation (TSXV: POPR) (OTCQX: POPRF) announced that it had closed the previously-announced $5 million strategic investment by New Insight Incentive Plan Company, a 100% owned subsidiary of eWTP Tech Innovation Fund LP ("eWTP"), the global investment arm of Alibaba Group, subject to final acceptance by TSX Venture Exchange.

PopReach, headquartered in Toronto, is a free-to-play mobile game publisher focused on acquiring and optimizing proven game franchises.

Gowling WLG advised eWTP Tech Innovation Fund with respect to this investment with a team that included Nurhan Aycan and Jacob Cawker.

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Related   Tech, Mergers & Acquisitions, Corporate Commercial

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