Japanese venture fund invests in Vietnamese Nhaccuatui.com
10/02/2012 11:52 am
ME - Japanese CyberAgent Ventures fund has announced it has finished injecting money into NTC Joint Stock Co, the owner of music website Nhaccuatui.com, via its Vietnamese arm without citing the detail of the investment.
It is the first venture investment of CyberAgent in Vietnam in an effort to extend its venture investment activities in Southeast Asia market.
CyberAgent said that online music is very popular with Internet users in Vietnam.
About 10 million people use the music services offered by Nhaccuatui.com each month, and the number of Nhaccuatui.com’s users is on a steady rise, it said.
Its investment comprises of both money and expertise transfer, including technological supports and business strategy consultancy.
CyberAgent Ventures Vietnam has invested in 7 technological companies in the country, mostly internet service firms and those operating online portals including VNG, VMG, vatgia, VGame, Baokim, CleverAds and Di Dong Xanh.
CyberAgent Ventures fund is a subsidiary of the Tokyo-based CyberAgent Inc - one of the largest online service providers in Japan.
NCT JSC was established in 2008, and nhaccuatui.com is a music website developed by the company then along with other online products such as electronic commerce portal B2C and Nava.vn.
It is the first venture investment of CyberAgent in Vietnam in an effort to extend its venture investment activities in Southeast Asia market.
CyberAgent said that online music is very popular with Internet users in Vietnam.
About 10 million people use the music services offered by Nhaccuatui.com each month, and the number of Nhaccuatui.com’s users is on a steady rise, it said.
Its investment comprises of both money and expertise transfer, including technological supports and business strategy consultancy.
CyberAgent Ventures Vietnam has invested in 7 technological companies in the country, mostly internet service firms and those operating online portals including VNG, VMG, vatgia, VGame, Baokim, CleverAds and Di Dong Xanh.
CyberAgent Ventures fund is a subsidiary of the Tokyo-based CyberAgent Inc - one of the largest online service providers in Japan.
NCT JSC was established in 2008, and nhaccuatui.com is a music website developed by the company then along with other online products such as electronic commerce portal B2C and Nava.vn.
Source: Tuoi Tre
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