- IDGVV Press Releases
SanOTC.com receives investment from IDG Ventures Vietnam
HO CHI MINH CITY, NOVEMBER 9TH, 2007
Hoang Minh Technology JSC (which owns and operates the website www.sanotc.com.vn) announces the strategic investment of IDG Ventures Vietnam. This investment will further aid www.sanotc.com.vn to expand its capabilities as a leading financial and securities portal in Vietnam.
“IDG Ventures is not only a financial investor but a strategic one, cooperating with SANOTC in human resource and business development as well as providing management expertise,” said Hoang Minh Son, Director General of Hoang Minh Technology JSC.
“We are excited to work with such a talented, young team. We believe SANOTC is particularly relevant today with increasing numbers of domestic and international investors paying close attention to the Vietnamese OTC market. We strongly support market transparency and SANOTC’s efforts to provide substantive and timely information to all investors,” said Nguyen Hong Truong, Business Development Director of IDG Ventures Vietnam.
Overview of Hoang Minh Technology JSC
Though less than one year old, Hoang Minh Technology JSC has gained prominence in the Securities and Finance market with the website www.sanotc.com.vn, which has more than 170,000 registered users (as of October 30th, 2007) and lists quotes of 1,500 OTC stocks. Currently, 5,000 trading alerts/day are posted on the website. According to Alexa.com, SANOTC is one of the top sites in Vietnam providing financial information and SANOTC is pleased to provide the most comprehensive information on the Vietnam’s OTC market.
We would like to officially announce the following initiatives:
• Cooperation with securities companies to verify OTC trading and provide accurate and timely information to investors.
• Cooperation with OTC-traded companies posted on SANOTC to provide official information for investors’ reference to better foster market transparency and encourage proper reporting.
• Cooperation with Bien Viet Securities JSC to create SANOTC/CBV Index, the first OTC index in Vietnam.
• In addition, SANOTC is pleased to cooperate with securities clubs throughout Vietnam to offer unique services on www.sanotc.com.vn to support convenient and informed securities investments.
For further information, please contact:
Mr. Hoang Minh Son
Hoang Minh Technology JSC
13th floor, room 1302, Thanh Cong Tower, 25 Lang Ha, Ba Dình, Ha Noi
Tel: +84 4.514 8654 Fax: +84 4. 514 8621
About IDG Ventures
IDG Ventures is a global network of venture capital funds with over $2 billion under management and a portfolio of over 220 companies built over the last 15 years. The IDG Ventures network is comprised of six independent partnerships managing funds in North America and Asia. Each partnership makes investments on behalf of its limited partners, including International Data Group (IDG), the world’s largest IT media company. By combining the IDG platform – an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources – with years of hands-on experience in early-stage company building, each IDG Ventures fund helps companies understand their markets better and penetrate them faster than their competition.
With partnerships in Boston, San Francisco, India, Korea and multiple locations throughout China and Vietnam, the IDG Ventures network offers the international perspective and the local market expertise to help companies grow from start-ups to global success stories. Previous investments by the firm include Excite, F5 Networks, Netscape, Spinner.com, VA Linux, and Baidu.com.
Founded in 2004, IDG Ventures Vietnam (IDGVV) is the first American technology venture capital fund in Vietnam. With $100 million under management, IDGVV invests primarily in privately-held, early to middle-stage technology, media, and telecom companies in Vietnam and Southeast Asia. The Fund works closely with the diverse, high growth companies in its portfolio and provides deep support to its entrepreneurs. IDG Ventures Vietnam has invested in a diverse portfolio of leading technology firms including: VinaGame, VinaPay, iSphere, Goldsun Focus Media, Vega, MSS, YeuAmNhac, DreamViet,…
For further information, please contact:
Ms. Duong Thu Huong
Operations & PR Manager, IDG Ventures Vietnam
SunWah Tower, Suite 1108
115 Nguyen Hue St., District 1, Ho Chi Minh City, Vietnam
Tel: +84 8 827 8888
Fax: +84 8 827 8899