ID Hubert Burda Media invested $ 14 million in Vietnamese search engine with Russian roots
The Vedomosti newspaper reports on the investment of the publishing house Hubert Burda Media in the Vietnamese company Coc Coc . The company owns the eponymous search engine, browser, content system and geolocation service Nha Nha.
The founders of Coc Coc are Victor Lavrenko and three Vietnamese students who were educated at Moscow State University: Le Van Thanh, Nguyen Duc Ngoc and Nguyen Thanh Binh.
Burda spokesperson Berthold Heidbüchel confirmed a $ 14 million deal, Coc Coc has already received the first financial tranche.
')
Viktor Lavrenko is known as the creator of the search engine Nigma.ru, originally an experimental research project. A few years ago, Yuri Milner as part of DST Global allocated $ 3.5 million to an entrepreneur for the implementation of seed investments. In 2010, DST divided Russian and foreign assets, after which Nigma.ru managed to buy its share back.
Hubert Burda Media is interested in entering Asian markets, therefore it is looking for interesting projects in different countries of the East. Coc Coc has a large audience in Vietnam and competes with Google, which also strengthens its own presence on mobile platforms and devices. This moment is especially important, since the Internet in Vyetnam has become publicly available only with the advent of inexpensive smartphones - the “desktop” stage was simply missed.
According to Viktor Lavrenko, the money will go primarily to expanding business in Southeast Asia - the most dynamically developing global macro-region. Coc Coc's daily audience in Vietnam is 8 million users, according to Comscore, Google has a daily rate of 17.7 million users. Alexa says that coccoc.com is the most popular site in Vietnam.
Coc Coc's Vietnamese daily audience is 8 million users, Burda cites Comscore data. 17.7 million users visit Google sites daily. But according to Alexa.com, coccoc.com is the most popular site in Vietnam, it overtakes Google and Facebook.
The founders of Coc Coc are Victor Lavrenko and three Vietnamese students who were educated at Moscow State University: Le Van Thanh, Nguyen Duc Ngoc and Nguyen Thanh Binh.
Burda spokesperson Berthold Heidbüchel confirmed a $ 14 million deal, Coc Coc has already received the first financial tranche.
')
Viktor Lavrenko is known as the creator of the search engine Nigma.ru, originally an experimental research project. A few years ago, Yuri Milner as part of DST Global allocated $ 3.5 million to an entrepreneur for the implementation of seed investments. In 2010, DST divided Russian and foreign assets, after which Nigma.ru managed to buy its share back.
Hubert Burda Media is interested in entering Asian markets, therefore it is looking for interesting projects in different countries of the East. Coc Coc has a large audience in Vietnam and competes with Google, which also strengthens its own presence on mobile platforms and devices. This moment is especially important, since the Internet in Vyetnam has become publicly available only with the advent of inexpensive smartphones - the “desktop” stage was simply missed.
According to Viktor Lavrenko, the money will go primarily to expanding business in Southeast Asia - the most dynamically developing global macro-region. Coc Coc's daily audience in Vietnam is 8 million users, according to Comscore, Google has a daily rate of 17.7 million users. Alexa says that coccoc.com is the most popular site in Vietnam.
Coc Coc's Vietnamese daily audience is 8 million users, Burda cites Comscore data. 17.7 million users visit Google sites daily. But according to Alexa.com, coccoc.com is the most popular site in Vietnam, it overtakes Google and Facebook.
Source: https://habr.com/ru/post/284018/
All Articles