VCI Global Has Signed An Agreement To Invest Up To $30M In TalkingData Group Holding Limited
VCI Global Limited (NASDAQ:VCIG) ("VCI Global", "VCIG", or the "Company"), has signed an agreement to invest up to US$30 million in TalkingData Group Holding Limited.
TalkingData Group Holding Limited ("TalkingData"), is one of Asia's largest providers of big data analytics and AI-powered solutions, serving major global brands such as Google, Yahoo, L'Oréal, PepsiCo, and Nike. TalkingData is backed by prominent investors, including China Resources Capital ("CR Capital"), Softbank's 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's data AI products and services in Southeast Asia, thereby enhancing its footprint in the rapidly expanding data analytics sector.