Malaysia’s Xtremedia Closes As Asian Internet Competition Grows

By Julian Matthews

Award-winning Malaysian news and information Website Xtremedia closed its virtual doors earlier this week after 20 months of operations.

The company cited “increasing challenges in the Internet market” as the reason for the closure.

Website owner BRG Interactive Digital Media Sdn Bhd (IDM) sunk over 2 million ringgit (US$526,000) into the Website before calling it quits, said executive director Gerard Lim.

“It was a matter of focus. There are two mines to mill, and we had to make the difficult decision to channel resources to only one mine,” he said.
Read more

Tags