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VietNamNews

Japan fund invests in online payment firm

Update: January, 08/2014 - 08:44

HA NOI (VNS)— Japanese investment fund CyberAgent Ventures published news of its investment in online selling solutions Bizweb.vn of Viet Nam's DKT Technology Joint Stock Company on January 7.

The fund, which is under the management of CyberAgent Group, has not revealed details about the agreement, but announced it would invest US$20 million in Viet Nam, Thailand and Indonesia.

Nguyen Manh Dung, head of Viet Nam and Thailand investments at CyberAgent Ventures, said the investment in Bizweb indicated their belief in the strong future of electronic commerce and other internet industries in Viet Nam, VietnamPlus.vn reports.

"Bizweb.vn is an online commercial solution which has developed rapidly. CyberAgent Ventures commits to pushing the growth of this solution by taking advantage of our resources across Asia," he said.

Tran Trong Tuyen, chief executive officer of Bizweb, said that choosing CyberAgent as its investor in 2014 helped the online payment company to move deeply into the Vietnamese e-commerce market and position itself globally in the future.

Bizweb.vn, officially launched in April 2010, has attracted 4,000 customers from 30 different fields, as of January 2014. This easy-to-use solution integrates useful tools, such as Bizmail, to send emails to targeted customers, and Vietclick advertising network, which publishes advertisements for products on more than 1,000 websites. It also provides clients with a software version for mobile devices.

Bizweb was awarded third prize in the field of information technology products at the Nhan Tai Dat Viet 2013 (Vietnamese Talent Awards 2013) in November in Ha Noi. — VNS


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