- Thoughtful Media Group, the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated ( NASDAQ: SOPA ), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem announces the acquisition of More Media, an Indonesia-based creative design and branding agency.
- Thoughtful Media Indonesia forecasts significant revenue growth in 2023 and beyond.
- Post acquisition, More Media is re-branded as Thoughtful Media Indonesia and its leadership and employees fully integrated into Thoughtful Media regional operating structure
- According to Influencer Marketing Hub, the influencer advertising market grew to $16.4B in 2022 and the value of social commerce sales growing to $958B in 2022. And according to Strategic Market Research, with Asia representing 70% of the market, the global social commerce market size is expected to reach $7T by 2030, representing a CAGR of 30% from 2021.
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Thoughtful Media Group acquires More Media