The startup, launched 10 months ago, is backed by VinaCapital Ventures, the $100-million tech investment vehicle of VinaCapital.
IPOs & Markets
Temasek started to invest in VNG after September 2018. The latest financing reportedly values the Vietnamese unicorn at $2.2 billion.
Japan Strategic Capital, Tokyo-listed Rentracks and Vulpes Investment Management also participated in the round.
Founded by Tran Thanh Hai, the co-founder of internet major VNG Corporation, BE launched its operations in December 2018.
The development comes on the heels of an earlier announcement by Vingroup to issue a private placement to raise around $1 billion.
Vincom Retail was Warburg Pincus' maiden investment in Vietnam.
The Grand Ho Tram, located near Ho Chi Minh City, comprises hotels, villas, a golf course and casino.
By giving up a majority interest, Quoc Viet reportedly said it is looking to raise funds to meet working capital needs of its farm integration plan.
JXTG became a strategic investor in Petrolimex in 2016 when it acquired an 8 per cent stake in Vietnam’s largest fuel distributor.
Dentsu Aegis Network in February acquired Southeast Asian digital marketing company Happy Marketer Group
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