Vietnam: Appota acquires Wifi Chua as 500 Startups makes first exit in country

Vietnam’s mobile platform provider Appota has acquired Wifi Chua, a tool for sharing and connecting to free WiFi passwords, lifting its total users in mobile service ecosystem in the country to 50 million. The deal also marks the first exit by 500 Startups Vietnam.

In a statement, Appota said the seven-digit dollar acquisition of Wifi Chua will make its mobile service system more diversified. Meanwhile, it also facilitates the tool for sharing free WiFi passwords to access Appota’s strengths in digital content, advertising, and payment solutions.

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