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Asian Netflix Clone iFlix Is Raising $150M To Expand To Africa, Middle East And Europe

Netflix recently revealed that it has plans to launch in Singapore next year, but already a number of ambitious video streaming services have sprouted up in Southeast Asia — a region that is home to more than 500 million people — aiming to dethrone the U.S. company before it even arrives.

One such upstart is iFlix, a service available in Malaysia, Philippines and Thailand, which is currently talking to investors with a view to raising up to $150 million in fresh funding to fuel a major global expansion. Ambitious indeed.

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techcrunch.com
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