TAIPEI (The China Post) — M17 Entertainment Ltd., the operator of the largest live streaming platform in Japan and Taiwan, announced Wednesday that co-founder Jeffrey Huang (黃立成) has resigned from his position at the company.
Taiwanese rapper Huang of the hip-hop group Machi has reportedly sold all of his shares back to M17 Group and decided to focus on his career in other fields.
“Machi for life!” the 48-year-old rapper wrote in a Facebook post on Wednesday.
Speaking of the company he founded in 2015, the rapper said at the press conference on Wednesday that M17 has been a part of his life for the past five years, but he still wants to do something for the entrepreneurial community in Taiwan.
With M17 firmly established as the leading live streaming company in Taiwan and Japan, it “seemed like the right time” for him to focus on new ventures, he said.
Huang thanked all the team members who contributed to the company.
After Huang’s resignation, the company said it is considering to have other shareholders to take over the chairmanship, M17 said.
Founded in 2015, M17 is a live streaming platform that expands its business to nine countries or regions.
Its app service is popular among consumers in Taiwan, Hong Kong, Malaysia and Japan.