Vietnam’s funniest site Haivl secures $1.56-m funding

Vietnam’s leading entertainment website Haivl.com is believed to have been acquired by 24h Online Advertising JSC at VND33 billion ($1.56 milion) last week, although the founder has publicly termed the exercise an investment.

According to Vnexpress, 24h Online Advertising JSC, the operator of www.24h.com.vn acquired Haivl on October 8, a move one could consider strategic in the era of the local Internet boom.

However, contrary to the rumors in the technology sphere, Haivl founder Vo Thanh Quang has came out to say on ICTnews.vn that he did not sell his page to the online advertising giant and that the deal was merely an investment.

Quang refused to elaborate further on the deal, citing confidentiality of the agreement.

This investment, if confirmed, marked 24h JSC’s second acquisition, after that of TimViecNhanh.com – the third largest Vietnamese job-advertising virtual engine.

Founded in 2012, Haivl.com is one of the most popular Vietnamese websites, with large visitor traffic and high interactive level.  The website currently generates approximately VND 800 million ($37,700) monthly.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.