Intel Capital, Intel Corporation’s global investment and M&A organization, today announced investments in two Southeast Asian companies: Singapore-based Reebonz.com and Hanoi-based Vietnam Communications Corporation (VC Corp). Reebonz.com is one of the largest private sales ecommerce groups in Asia for luxury goods, and Vietnam Communications Corporation (VC Corp) is an internet infrastructure and services company. The investment totalled $17 million.
“Southeast Asia is one of the world’s fastest-growing markets for high technology, driven by robust economic growth and a rising middle class. As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region and these investments will help to accelerate that trend,” said Gregory Bryant, vice-president and general manager, Intel Asia-Pacific.
Reebonz.com (Singapore) is one of the largest private sales ecommerce groups in Asia. It sells luxury goods, including fashion items such as handbags and accessories to customers across Southeast Asia, North Asia and Australia. VC Corp (Vietnam) offers online content, e-commerce, social media, ad networks and mobile value added services, creating the largest ecosystem of online and mobile services in Vietnam.