Technology is a critical factor for any investor looking to participate in the Vietnam consumer story, whether they are backing retail businesses directly or any sector proxies, industry participants told the AVCJ Vietnam Forum.
“Technology is becoming so pervasive across every segment as consumption grows,” said David Gowdey, a managing partner at Jungle Ventures. “E-commerce in Vietnam was worth $400 million three years...
Newlink Group, operator of a platform that helps drivers in China locate the best value gas stations, has raised a RMB900 million ($128 million) Series D round led by China Capital Investment Group. Xiaomi Corporation also participated.
Chinese biotech start-up Harbour BioMed has raised $102.8 million in Series C funding. It comes four months after it closed an extended Series B round of $75 million.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners are poised to make a partial exit from Vietnamese dairy producer International Dairy Products (IDP).
BlueCity Holdings, the VC-backed holding company for Chinese gay dating platform Blued, traded strongly after raising $84.8 million through a NASDSAQ IPO.