AnyMind Group, a BPaaS company for marketing, e-commerce, and digital transformation, has acquired Japan’s Bcode Inc., which specialises in the management and support of live streamers, while Singapore’s GIC has partnered with NYSE-listed Realty Income Corporation to establish a $1.5 billion JV.
AnyMind Group expands in Japan with Bcode acquisition
AnyMind Group, a BPaaS company for marketing, e-commerce, and digital transformation, has acquired all shares of Bcode Inc., a Japanese firm specialising in the management and support of live streamers.
Singapore-founded, Japan-based AnyMind Group said the acquisition strengthens its end-to-end social commerce infrastructure, spanning content creation, distribution and purchasing. By integrating Bcode’s live streamer network, AnyMind Group will further enhance its ability to support enterprises across the full commerce lifecycle, from content creation and audience engagement to conversion and distribution.
The transaction details were not disclosed.
Bcode manages and supports over 300 live streamers in Japan, many of whom have built strong fan communities on TikTok LIVE. The company’s capabilities complement AnyMind Group’s existing creator and affiliate marketing offerings in Japan, which include GROVE, a creator network acquired in 2020 that now supports creators through content production, brand collaborations, live streaming and other monetisation avenues such as music distribution, live events, merchandise and brand development.
“With Bcode, we are further strengthening our capabilities to holistically design and execute purchase-generating initiatives originating from live commerce. Moving forward, we will advance our social commerce efforts by deepening O2O support and enhancing operations using AI, driving long-term value creation for brands,” said Kosuke Sogo, CEO of AnyMind Group.
Founded in Singapore in 2016 and now headquartered in Tokyo, AnyMind Group provides enterprises, publishers and creators across 15 markets with BPaaS solutions that combine technology and operational expertise across marketing, commerce, distribution, customer engagement, and data and AI utilisation.
In October 2025, AnyMind Group completed its acquisition of Japan-based creator studio NADESHIKO Beauty, establishing a system to continuously produce vertical short-form videos such as product reviews.
In January 2026, the company acquired Japan-based distributor and brand developer Sun Smile to strengthen its online-to-offline (O2O) support infrastructure by connecting e-commerce-driven demand to offline distribution.
Bcode marks AnyMind Group’s 14th acquisition since its founding, its eighth acquisition in Japan, and its second acquisition in 2026.
In April last year, AnyMind Group agreed to acquire Vietnamese social and live commerce agency Vibula, marking its first acquisition in Vietnam.
GIC forms $1.5b JV with NYSE-listed Realty Income
Singapore sovereign wealth fund GIC has partnered with NYSE-listed Realty Income Corporation to establish a $1.5 billion joint venture focused on building-to-suit development of high-quality logistics real estate.
The partnership will initially entail the formation of a programmatic joint venture primarily focused on build-to-suit development of high-quality logistics real estate pre-leased under long-term net leases to tenants with investment-grade-equivalent credit profiles in the US.
The JV will have over $1.5 billion of combined capital commitments from Realty Income and GIC. The construction financing and take-out purchase commitment from Realty Income of a $200 million build-to-suit, US dollar-denominated industrial portfolio in Mexico, representing Realty Income’s first investment in Mexico.
GIC is closing as a cornerstone investor in Realty Income’s US Core Plus fund.
“GIC is pleased to establish a strategic partnership with Realty Income, one of the largest and most tenured global players in the triple net lease sector,” said Goh Chin Kiong, CIO of real estate.
“Our long-term capital, paired with Realty Income’s expertise and market access, will allow us to unlock significant value through investments in mission-critical, state-of-the-art build-to-suit logistics assets.”
Realty Income and GIC will form a joint venture to finance and acquire build-to-suit industrial assets in the US, with Realty Income as the majority owner.
Separately, the partners, together with Hines, will jointly finance and develop a portfolio of industrial properties in Mexico, which Realty Income will acquire upon completion for approximately $200 million.
