Attached article is talking about how India's two biggest online payment processing companies PayTM (300 million registered users) and PhonePE (150 million registered users) has launched mobile games to attract and keep their customers engaged in their site.
As per a report released by KPMG and Indian Federation of Sports Gaming (OTC:IFSG), the total number of online gamers in the country grew 10 times over the last eight years to 250 million individuals in 2018 and promises to be one of the fastest growing business in India. Last January, Paytm launched Gamepind, a 55%-45% joint venture with Chinese gaming and entertainment company AGTech Holdings Limited (8279 HK, OTCPK:AGTEF). The mobile platform offered social and casual games on Paytm’s app with pay to play games scheduled to be released soon. The management is tight-lipped about the details of customer engagement but with 300 million plus registered, mobile phone carrying customers I would think 30 million to 50 million MAUs will not be too far fetched. Six months after GamePind was released to the public, I heard the GamePine was recording 1 million DAUs which is a crazy good number but since it was not an official figure and given the lack of details, investors couldn't properly quantify GamePind. Given the nascent stage of the mobile gaming industry and having access to 300 million mobile phone carrying customers which 100 million are engaged with PayTM on a daily basis, the success of GamePind is a "sure thing" as they come. A 55% of GamePind stake is owned by a private parent company called One 97 which is a second most valuable Unicorn Start-up in India (Also own PayTM) The best way to gain access to GamePind today is through a HK listed Chinese Lottery/Gaming company called AGTech which owns 45% of the GamePind. AGTech is majority owned by Alibaba and is the group's exclusive Lottery Arm company.
If GamePind was a public company today with the biggest market share of mobile game players in India, how much would it be worth? AGTech is a $700 million dollar company with 1/3 of the market cap in Cash and making meaningful progress in Chinese Lottery Market.
I would argue that GamePind stake alone is worth 2-3X current market value.
Disclosure: I am/we are long BABA. AGTEF.