27 Jul '12, 4am

Vietnam’s Intel Capital-backed VC Corp. gobbles Eat.vn in acqui-hire as e-commerce wars heat up via @zite

Vietnam’s Intel Capital-backed VC Corp. gobbles Eat.vn in acqui-hire as e-commerce wars heat up via @zite

The latest news coming from the e-commerce space in Vietnam is the acquisition of food delivery service, Eat.vn , by VC Corporation. VC Corporation recently received a funding round from Intel Capital together with Reebonz. With the additional resources, VC Corporation has been focusing heavily on the local e-commerce space by complementing its new business development and mergers and acquisition ventures with strategic alliances with local banks to utilize their online payment services. As reported first by Vietnam’s leading tech blog, Action.vn , a VC Corporation representative confirmed the acquisition of Eat.vn and stated that the formal agreement will be signed on 1st August, this year. Eat.vn’s food delivery service caters mainly to the expatriate population in Vietnam.

Full article: http://e27.sg/2012/07/27/vietnams-intel-capital-backed-vc...

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