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Iflix gets US$90m to battle Netflix in emerging markets

Mr Grove says that Iflix has succeeded by positioning itself as a cheap alternative to piracy.

Los Angeles

IFLIX, a video-streaming service with customers mostly in South-east Asia, raised US$90 million in a round led by telecommunications giants Liberty Global plc and Kuwait-based Zain to take on Netflix Inc and Naspers in Africa and the Middle East.

The investment will...

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