• IDGVV Press Releases

Vietstock receives investment from IDG Ventures Vietnam

Ho Chi Minh City, November 7, 2007

Tai Viet JSC (Vietstock), the parent company operating the website www.vietstock.com.vn, announced that it has received investment from IDG Ventures Vietnam.

Vietstock’s founders initially formulated the idea for a service to provide investors with in-depth financial information in 2000 and established Tai Viet JSC in April 2001. vietstock.com.vn is currently one of the leading Vietnamese websites providing enterprise & financial information, annual reports, industry analysis and stock quotes, and acts as an integral bridge between listed companies, securities firms, and investors. Vietstock is also proud to be the leading distributor of Metastock® technical analysis software and market data from Equis, helping establish its reputation among investors.

On the occasion of IDG Ventures’ investment into Vietstock, Mr Nguyen Van Duong, President of Vietstock said, “We’re pleased to welcome IDG’s cooperation and strategic investment. Vietnam’s financial market is still immature and the need for reliable economic and financial information is great. We see this as an opportunity with great potential and believe that as an active player in the Vietnamese stock market since its inception, we will continue to be a leading online forum for all discussions and information related to the Vietnamese securities’ markets. With IDG Ventures’ investment, Vietstock  will deepen our database, hire additional key employees and prepare for the long term success of our business”.

Mr. Nguyen Bao Hoang, Managing General Partner of IDG Ventures Vietnam said: “We are very pleased to invest into Vietstock as a leading provider of financial information for the Vietnamese listed-securities market.  We are bullish about the future of Vietnam’s listed exchanges and believe Vietstock is well-positioned to offer in-depth and valuable information to investors.  We look forward to working intensively with Vietstock as a strategic investor”.

About the Website vietstock.com.vn

Currently, the information on Vietstock is free of charge. The variety and quality of content has improved over time and Vietstock is committed to continued high standards.

Vietstock.com.vn currently offers the following content and services:
• Up-to-minute financial-related local and international news
• Weekly reviews
• Interesting discussions in Vietstock forum
• End of day result of Vietnam exchanges
• Details of stock market index
• Online price
• Technical analysis charts
• Yellow pages of listed firms, joint stock corporations and securities firms
• Vietstock media news
Vietstock has established its brand name over six years of operation. Vietstock’s rank has advanced on Alexa.com from more than 10,000 at the end of 2006 to lower than 4500 today.  Vietstock is currently (as of November 6th, 2007) ranked 68th in the top 100 sites accessed in Vietnam by Alexa.com.

For more information about Vietstock, please contact:
Nguyen Van Duong (Mr)
146C Nguyễn Đình Chính Street, Ward 8, Phú Nhuận District
848 – 8909 340 – 8476480

About IDG Ventures

IDG Ventures Vietnam (IDGVV) is an early-stage venture capital firm that enables entrepreneurs to grow innovative, global companies. With $100 million under management, the firm is focused on investing in high-potential, high-growth companies in the technology, media and telecom sectors. We are an independent partnership making investments on behalf of our limited partner, International Data Group, or IDG, the world’s largest IT media company.

IDG Ventures Vietnam is affiliated with the IDG Ventures network of funds, a global $2+ billion family of independently managed funds. As one of the few truly global venture firms, IDG Ventures has made over 250 investments spanning Asia and North America over the last 10 years. Previous investments by the firm include Excite, F5 Networks, Netscape, Spinner.com, VA Linux, and Baidu.com. Active in Vietnam since August 2004, IDG Ventures Vietnam has invested in a diverse portfolio of leading technology firms including: VinaGame, VinaPay, iSphere, and MSS. By leveraging exclusive access to the IDG platform – an unparalleled combination of global publishing, market research (IDC), and conferences & exhibition resources – IDG Ventures Vietnam is able to uniquely add value to its portfolio companies and position them for success.

For more information about IDGVV, please visit http://www.idgvv.com.vn/en or contact:

Duong Thu Huong (Ms)
84-4-220 0348 – Ha Noi Office
84-8-827 8888 – HCMC Office