Three institutional investors have agreed to invest 60 million USD inthe online commerce platform MJ Group for further development.
The three investors are IDG Ventures Vietnam, Rebate Networks from Germany and ru-Net from Russia .
MJ Group is the result of a merger of four local internet companies, the company announced on Sept. 7.
The companies are Nhommua (www.nhommua.com), which specialises in anonline commerce platform; Diadiem (www.diadiem.com), the location andnavigation services provider; Two.vn, a mobile application company; andTwo Media that involves online media.
MJ Group is thelargest online commerce employer in Vietnam with almost 500 personnelin HCM City and Hanoi , according to CEO Tom Tran. He said hisstaff was expected to double within the next 12 months.
IDG Ventures Vietnam, set up in 2004, is the first technology venturecapital fund in the country with 100 million USD under its management.
It has invested in more than 40 companies in the technology, media, telecommunications and consumer sectors.
The Berlin-headquartered Rebate Networks invests in innovativecompanies worldwide with s focus on Asia . It develops global marketingand technology strategies for an international network of hi-techonline commerce startups.
Ru-Netis is a leading internetand IT investment company in Russia with more than 20 investments inRussia , Europe, North America and Southeast Asia. /.
The three investors are IDG Ventures Vietnam, Rebate Networks from Germany and ru-Net from Russia .
MJ Group is the result of a merger of four local internet companies, the company announced on Sept. 7.
The companies are Nhommua (www.nhommua.com), which specialises in anonline commerce platform; Diadiem (www.diadiem.com), the location andnavigation services provider; Two.vn, a mobile application company; andTwo Media that involves online media.
MJ Group is thelargest online commerce employer in Vietnam with almost 500 personnelin HCM City and Hanoi , according to CEO Tom Tran. He said hisstaff was expected to double within the next 12 months.
IDG Ventures Vietnam, set up in 2004, is the first technology venturecapital fund in the country with 100 million USD under its management.
It has invested in more than 40 companies in the technology, media, telecommunications and consumer sectors.
The Berlin-headquartered Rebate Networks invests in innovativecompanies worldwide with s focus on Asia . It develops global marketingand technology strategies for an international network of hi-techonline commerce startups.
Ru-Netis is a leading internetand IT investment company in Russia with more than 20 investments inRussia , Europe, North America and Southeast Asia. /.
