Foxconn International Holdings picks 10% stake in MoMagic Technologies

Q.  Foxconn has picked up a 10% stake in which company on 30th November 2015 for strengthening the Taiwanese company’s presence in India?
- Published on 01 Dec 15

a. GoMagic
b. MoMagic
c. SoMagic
d. None of the above

ANSWER: MoMagic
 
Foxconn has acquired a 10 percent stake in MoMagic Technologies for an amount which has not been publicly disclosed. MoMagic is a mobile internet company backed by Mediatek offering analytics—driven marketing solutions to enterprises, startups and e-commerce players. FIH subsidiary Wonderful Stars has acquired the stake in MoMagic.

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