{"id":8320,"date":"2024-06-24T21:03:38","date_gmt":"2024-06-24T15:33:38","guid":{"rendered":"https:\/\/nationalvani.com\/en\/?p=8320"},"modified":"2024-06-24T21:03:38","modified_gmt":"2024-06-24T15:33:38","slug":"vci-global-acquires-large-stake-in-a-us1-1-billion-valuation-ai-technology-company","status":"publish","type":"post","link":"https:\/\/nationalvani.com\/en\/vci-global-acquires-large-stake-in-a-us1-1-billion-valuation-ai-technology-company\/","title":{"rendered":"VCI Global Acquires Large Stake in a US$1.1 Billion Valuation AI Technology Company"},"content":{"rendered":"<div class=\"natio-before-content\" style=\"margin-bottom: 12px;\" id=\"natio-2625826519\"><style>\r\n.ad {\r\n  display: block;\r\n  margin: 0 auto 12px;\r\n  width: 100%;\r\n  max-width: 640px;\r\n  border: 1px solid;\r\n} .ad-label {\r\n  display: block;\r\n  font-size: 11px;\r\n  font-weight: 700;\r\n  margin: 0 0 8px 0;\r\n  text-align: center;\r\n  letter-spacing: 2px;\r\n  opacity: 0.5;\r\n}\r\n<\/style>\r\n<!-- <span class=\"ad-label\">ADVERTISEMENTS<\/span> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<\/div><p style=\"text-align: justify;\">KUALA LUMPUR, Malaysia, : VCI Global Limited (NASDAQ: VCIG) (\u201cVCI Global\u201d, \u201cVCIG\u201d, or the \u201cCompany\u201d), has signed an agreement to invest up to US$30 million in TalkingData Group Holding Limited.<\/p>\n<section>\n<article>\n<p style=\"text-align: justify;\" align=\"justify\">TalkingData Group Holding Limited (\u201cTalkingData\u201d), is one of Asia\u2019s largest providers of big data analytics and AI-powered solutions, serving major global brands such as Google, Yahoo, L\u2019Or\u00e9al, PepsiCo, and Nike. TalkingData is backed by prominent investors, including China Resources Capital (\u201cCR Capital\u201d), Softbank\u2019s SB China Venture Capital (SBCVC), JD.com, VMS Asset Management, Northern Light Venture Capital, among others. This investment leads VCIG to emerge as a substantial shareholder in TalkingData as well as granting VCIG exclusive rights for TalkingData\u2019s data AI products and services in Southeast Asia, thereby enhancing its footprint in the rapidly expanding data analytics sector.<\/p>\n<p style=\"text-align: justify;\" align=\"justify\">TalkingData intends to leverage VCI Global\u2019s expertise in both capital markets and technology to strengthen its presence and capabilities in Southeast Asia. Last year, CR Capital led the previous funding round for TalkingData at a valuation of US$1.13 billion. This year, R.C.W. Capital Limited from Hong Kong is participating in this investment round. Looking ahead, TalkingData plans to pursue a public listing on the US market in the near future, reflecting its ambitions for continued growth and market leadership.<\/p>\n<p style=\"text-align: justify;\" align=\"justify\">\u201cWe are delighted to partner with VCIG, whose deep expertise in capital markets and technology will be instrumental as we expand our footprint in Southeast Asia and capitalize on the region\u2019s burgeoning data analytics market,\u201d said Leo Cui Xiaobo, Chief Executive Officer of TalkingData.<\/p>\n<p style=\"text-align: justify;\" align=\"justify\">Dato\u2019 Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global stated, \u201cThis strategic stake acquisition marks a significant milestone and catalyst for VCIG\u2019s growth. Our partnership with TalkingData and the exclusive rights to their data AI solutions in Southeast Asia position us at the forefront of the region\u2019s dynamic data analytics sector. We look forward to leveraging this opportunity to drive innovation, deliver value, and strengthen our market leadership in the years ahead.\u201d<em> News Input Credit ;\u00a0 GLOBE NEWSWIRE and VCI Global<\/em><\/p>\n<\/article>\n<\/section>\n<div class=\"natio-after-content\" style=\"margin-bottom: 12px;\" id=\"natio-846768603\"><style>\r\n.ad {\r\n  display: block;\r\n  margin: 0 auto 12px;\r\n  width: 100%;\r\n  max-width: 640px;\r\n  border: 1px solid;\r\n} .ad-label {\r\n  display: block;\r\n  font-size: 11px;\r\n  font-weight: 700;\r\n  margin: 0 0 8px 0;\r\n  text-align: center;\r\n  letter-spacing: 2px;\r\n  opacity: 0.5;\r\n}\r\n<\/style>\r\n<!-- <span class=\"ad-label\">ADVERTISEMENTS<\/span> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n<!-- <img class=\"ad\" src=\"\" alt=\"Ad\" \/> -->\r\n\r\n<!-- [masterslider id=\"4\"]  SliderAds --><\/div>","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Malaysia, : VCI Global Limited (NASDAQ: VCIG) (\u201cVCI Global\u201d, \u201cVCIG\u201d, or the \u201cCompany\u201d), has signed an agreement to invest up to US$30 million in TalkingData Group Holding Limited. TalkingData Group Holding Limited (\u201cTalkingData\u201d), is one of Asia\u2019s largest providers of big data analytics and AI-powered solutions, serving major global brands such as Google, &hellip;<\/p>\n","protected":false},"author":2,"featured_media":8321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,16],"tags":[1701],"class_list":["post-8320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-world-news","tag-vci-global-acquires-large-stake-in-a-us1-1-billion-valuation-ai-technology-company"],"_links":{"self":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/comments?post=8320"}],"version-history":[{"count":1,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8320\/revisions"}],"predecessor-version":[{"id":8322,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/posts\/8320\/revisions\/8322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/media\/8321"}],"wp:attachment":[{"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/media?parent=8320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/categories?post=8320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalvani.com\/en\/wp-json\/wp\/v2\/tags?post=8320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}