CyberAgent Ventures, Inc. (Headquarter: Tokyo, President & CEO: Soichi Tajima), a subsidiary of CyberAgent, Inc. (Headquarter: Tokyo, President & CEO: Susumu Fujita) announces to invest in NCT Corporation (Headquarter: Ho Chi Minh City, CEO: Nhan The Luan).
NCT Corporation is running one of the biggest Internet music media named www.nhaccuatui.com for Vietnamese users.
It is already very popular for Vietnamese Internet users to listen to streaming music online, and around 10M users are using the NCT’s music service every month. We expect its continuous growth, and plan to create some new businesses in cooperation with NCT by taking advantage of its existing huge traffic.
CyberAgent Ventures, Inc. is expanding its venture capital investment in South East Asian market. The investment noted above is the first investment from CA Asia Internet Fund I, L.P. – a fund specialized in South East Asian market.
Information about NCT Corporation is as follows:
■Company Profile of NCT Corporation
Company Name: NCT Corporation
Address: 7/1 Thanh Thai Street, District 10, Ho Chi Minh City
Established: March 2008
President & CEO: Nhan The Luan
■Company Profile of CyberAgent Ventures
Company Name: CyberAgent Ventures, Inc.
Address: Shibuya Mark City WEST 13F, 1-12-1 Dougenzaka,
Shibuya-ku, Tokyo, 150-0043, JAPAN
Established: April 3, 2006
Capital: JPY 360 Million
President & CEO: Souichi Tajima
■For further information, please contact
CyberAgent Ventures, Inc.
Ho Chi Minh Representative: Mr. Nguyen Manh Dung
Add: 2F Mekong Tower, No.235-241 Cong Hoa Street, Tan Binh District, Ho Chi Minh, Vietnam