Frenzoo, a Hong Kong 3D social networking company, will be acquired as part of the Series A funding from Ambient Sound Investments (ASI), an investment company formed by Skype engineers. The details of the news are found on Frenzoo’s website, but the exact details of this deal are undisclosed.

This is certainly good news for Frenzoo but startups here should also take note of this as good news. Certainly, this is one of the few startups here to get funding from an investment company. Currently, most of the startups here are funded by different funding schemes offered by the Hong Kong Government.