Yahoo On UGC Train To Taiwan
Yahoo! announced two major deals this week to expand its Web 2.0 offerings Taiwan. Shortly after Yahoo! Taiwan acquired user-generated-content site Wretch.cc, the company announced an agreement with GigaMedia to cross-promote online game site FunTown.
With 2.8 million members, Wretch is the most popular USG site in Taiwan, hosting blogs, vlogs, and online photo-sharing. The company is also planning to launch a video site similar to YouTube.
Yahoo announced the acquisition Thursday without disclosing the terms, and expects the deal to close early next year. Wretch will continue to operate independently.
Direct links to FunTown and Yahoo! Taiwan will be featured throughout the content on Wretch.
FunTown is one of the most popular online games sites in Taiwan, generating large revenues from its Mahjong offerings. GigaMedia, which also operates an ISP in Taiwan, will place banner advertisements alongside game offerings and messenger homepages.