Page 4 - Trusting Social News Today

CEO Danny Le shared some insights on how Masan could successfully achieve digital transformation

Ascend Vietnam Ventures, a seed-stage venture capital firm located in Ho Chi Minh City, announced Tuesday that it has exceeded its $50 million target for its flagship early-stage venture capital fund, AVV Alpha. Led by Binh Tran and Eddie Thai, the fund is seeking the next wave of globally iconic startups emerging from Vietnam.

Retail sales growth in Vietnam accelerated from 1.7 percent year on year in the first two months of 2022 to 10.4 percent in March and 12.1 percent in April

The top five technology industry deals activity during in April 2022 in Singapore, according to GlobalData Deals Database

Big Data and artificial intelligence (AI) are now considered the ‘trump cards’ in business competition.

Masan Group Corporation has spent US$65 million to acquire a 25 per cent stake in Trusting Social JSC, a Vietnamese subsidiary of Singapore’s Trust IQ Pte. Ltd.

(Bloomberg) -- Masan Group is taking a 25% stake in Vietnamese fintech startup Trusting Social valued at $65 million as the consumer conglomerate accelerates its transition to e-commerce.

Masan Group Corporation is focusing on adopting technology and artificial intelligence across its daily operations and consumer experience to truly become a consumer-tech ecosystem, according to Danny Le, its CEO. The partnership with Trusting Social further expands Masan’s consumer capabilities with AI and ML consumer solutions to meet consumer’s need for personalisation, convenience and accessibility. — Photo courtesy of Masan

Trusting Social and Masan plan to develop an AI-powered consumer tech platform.

The IPO could be on NYSE, Hong Kong, Singapore, or Vietnam.