28 Dec '11, 4am

CyberAgent Ventures enjoys rapid growth of Internet startups in Vietnam

CyberAgent Ventures enjoys rapid growth of Internet startups in Vietnam

We started investing in Japan since 2004, in China since 2006. So we decided to expand to other Asian countries which have high potential market of internet business, and Vietnam is of such markets. Vietnam has a high population with a higher percentage of young and active citizens. Those citizens make the Vietnamese market a potential market which is likely more open to new Internet services. Moreover, some successful internet business models in the United States, Japan, or China have not existed in Vietnam. Last but not least, Vietnam has a large number of entrepreneurs and well-educated IT engineers. Thus, we strongly believe that good local internet services will emerge, either localizing a success-proven model or basing on a brand new ideal in the coming time. In the long term, some of those startups can even go globally; VNG is one of the cases.

Full article: http://e27.sg/2011/12/28/cyberagent-ventures-enjoys-rapid...

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