In addition to its successes, 17 Live Clone has experienced several difficulties over the years. The US IPO attempt that failed in 2018 was the most famous failure. [4] Since then, the corporation has reaffirmed its dedication to reshaping and modernising the sector. The establishment of 17 Media (now 17Live) in Taiwan began in 2015 with the appointment of the current CEO, Hirofumi Jeffery Huang.The business secured $25 million in a series C deal as it got ready for a failed US IPO in 2018.
Even after its IPO proposal was rejected, the company remained in seeking global expansion, establishing "LIVIT" to help English-speaking markets access the US, India, and North Africa.
The company is still trying to grow both organically and inorganically despite the fact that in Japan, 10 million people downloaded 17's top live streaming app in 2019[3].
17 Media completed a US$33M series B [5] round in 2017 to connect with the dating platform Paktor and grow in Japan and Hong Kong. Within a year, 17 Media in Japan became the market leader.
A global network for live social entertainment is called 17 Live Clone.
Jeffery Huang launched the business in Taiwan for the first time in 2015.
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