At the recently held World Economic Forum in Bangkok, Intel Capital announced investments in two Southeast Asian companies, totaling approximately US$17 million.
One of these companies is Singapore-based Reebonz.com, one of the largest private sales e-commerce groups in Asia for luxury goods. The second company is and Hanoi-based Vietnam Communications Corporation (VC Corp), an internet infrastructure and services company.
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Since 1991, Intel Capital has invested more than US$10.6 billion in over 1,234 companies in 51 countries.
Intel Capital said in a statement that the investments in the two Southeast Asian companies support the continued development of engaging local online experiences to help drive technology adoption and increased high speed broadband usage across Southeast Asia.
"Reebonz and VC Corp are examples of companies that are successful in getting Southeast Asians online because they provide engaging experiences tailored towards the needs and cultural preferences of consumers in the region," said Arvind Sodhani, president of Intel Capital and executive vice-president for Intel.
Intel Capital started investing in Southeast Asia in 1999. Since then it has invested more than US$95 million in over a dozen technology companies.
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