Agora Inc (API)

[Primrose]

Things driving Agora past 3 weeks:
1. News on Feb 1st that a private placement of $250 million was buying a 4.5% stake in Agora stock.
2. News a couple of days before that indicating that Agora was buying Easemob for cash (Easemob's messaging system nicely compliments Agora's video and audio live streaming strengths.
3. Finally, adding fuel to the fire, the internet is blazing with the news that Clubhouse uses Agora's platform. Clubhouse is the latest audio social media network that is growing rapidly in popularity and is bound to climb like SnapChat. So, if Clubhouse is taking off, then Agora's platform is powering it. The novel thing is that Agora's payment system works on a per-minute-of-use basis (not a fixed subscription) and therefore any client that becomes a megastar carries Agora along with it. See link below.

https://www.scmp.com/tech/start-ups/article/3120259/agora-chinese-company-powering-clubhouse-sees-stocks-soar-investors

"...a person familiar with the matter confirmed to the Post that Clubhouse uses Agora. Industry insiders have also said publicly that the hot new social platform was built using the Chinese company’s services."

"Knowledge of the relationship is not new. Angel investor Justin Caldbeck claimed on Twitter last summer that Clubhouse was built in a week using Agora. Saga Partners investor Richard Chu repeated the claim in his newsletter when he said he was investing in the company."