Shibuya-based CyberAgent Investment acquired 3% of share capital in Vietnam’s largest mobile content service provider VMG Media on Tuesday.
In Vietnam, the under 30 generation shares almost a half of the country’s whole population (85mil.), which is expected to consume a high volume of mobile content. Currently the country’s mobile content market volume is worth USD640M, and it is expected to be USD780M in 2012.
This is the third investment case in Vietnam for CyberAgent Investment, following that in Viet Nam Price[VN] (the country’s largest e-commerce site serving more than 4,000 online stores) and VGAME[VN] (running web-based online game services).
Via: FindStar Ad Business News[J]
The following two tabs change content below.