CyberAgent Investment Inc. announces to invest in VNG Corporation (CEO: Le Hong Minh), which provides a variety of the Internet services such as online games and SNS.

VNG Corporation is the largest online game publisher in Vietnam, operating titles with more than 300,000 CCU (concurrent users). Since 2009, VNG has operated a wide range of the Internet services such as SNS, instant messaging, video sharing and BBS under its “Zing” brand. Their SNS has more than 5 million subscribers and their user base is much larger than Facebook in Vietnam.

Information of VNG Corporation is as follows:

■About VNG Corporation
Chief Executive Officer: Le Hong Minh
Business description: Provides a variety of the Internet services
Founded: September 2004

■For further information, please contact;
Nguyen Manh Dung
Representative of Vietnam Office
CyberAgent Investment, Inc.
Add: 54 No.02, Cu Xa Do Thanh, Ward 4, Dist.3, Ho Chi Minh City
Tel: +84-8-6290-8542

CyberAgent Investment Inc. announces to invest in Bao Kim E-Commerce JSC (CEO: Nguyen Trung Duc), which provides online payment services in Vietnam.

Bao Kim E-Commerce JSC is a subsidiary of Vatgia.com, the largest EC-mall provider in Vietnam. Bao Kim provides their online payment services for more than 6,000 EC shops on Vatgia.com.

CyberAgent Investment will contribute to enhance their value by supporting their business development through our strong network in the Internet market of Japan, China and Vietnam.

Information of Bao Kim E-Commerce JSC is as follows:

■About Bao Kim E-Commerce JSC
Chief Executive Officer: Nguyen Trung Duc
Business description: Provides online payment services
Founded: February 2010

■For further information, please contact;
Nguyen Manh Dung
Representative of Vietnam Office
CyberAgent Investment, Inc.
Add: 54 No.02, Cu Xa Do Thanh, Ward 4, Dist.3, Ho Chi Minh City
Tel: +84-8-6290-8542

CyberAgent Investment Inc.(Headquarters: Shibuya, Tokyo, CEO: Soichi Tajima), a subsidiary of CyberAgent Inc.(Headquarters: Shibuya, Tokyo, CEO: Susumu Fujita) announces to change the company’s name for CyberAgent Ventures, Inc effective of November 1st 2010.

CyberAgent Ventures has invested in promising entrepreneurs as corporate venture capital focusing on the Internet sector since April 2006.
Under the company’s mission that “We contribute to development of the world through discovering, investing and incubating promising services, technologies and entrepreneurs”, we have accumulated a track record of investments and expanded our business area into not only Japan but China and Vietnam.

The portfolio companies of CyberAgent Ventures exceed more than 100 including 20 overseas companies, and we will accelerate investment activities in overseas as well as investment for seed-staged start-ups.
Through the change of the company’s name, we aim at enhancing our brand as business incubator.

CyberAgent Ventures makes the most of know-hows for business development in the Internet sector which are accumulated in CyberAgent Group, and contributes to growth of start-ups in the Internet industry.

■For further information, please contact;
CyberAgent Ventures, Inc.
Tel：03-5459-0597　　　
E-maill：cav_keiei@cyberagent.co.jp　　　

CyberAgent Ventures Inc. (Headquarters: Shibuya, Tokyo, CEO: Soichi Tajima), a subsidiary of CyberAgent Inc.(Headquarters: Shibuya, Tokyo, CEO: Susumu Fujita), announces to establish a venture capital fund targeting start-ups in China in cooperation with Japan Asia Investment (China) Co., Ltd, a subsidiary of Japan Asia Investment Co., Ltd.(JAIC).

Details of the fund
Fund name: CA-JAIC China Internet Fund II L.P.
Scheme of the fund: Limited partnership based upon the Cayman law
General Partners: Japan Asia Investment (China) Co., Ltd.
CyberAgent Ventures Inc.
Limited Partners: Japan Asia Investment Co., Ltd.
CyberAgent Inc. and others
Size of the fund: US$16,000,000
Investment target: Private companies which operate the Internet-related businesses in China

Background the establishment
The Internet users in China exceed 400 million and China has the world largest Internet users. High growth of the Chinese Internet market is still expected thanks to the Internet penetration into rural areas and development of new services such as e-commerce.

Since jointly established “CA-JAIC China Internet Fund” in April 2006, JAIC Group and CyberAgent Group have invested in promising companies such as Tudou.com, the largest video sharing service company in China, iPartment, SNS provider with 25 million subscribers, and Ultizen Games, one of the successful online game development companies in China. Based upon their successful track record of investments, they decided to establish “CA-JAIC China Internet Fund II” as their second fund.

By taking advantage of a wide network in Asia and the United States held by Japan Asia Investment Group and practical expertise of CyberAgent Group as Japanese internet company, CyberAgent Ventures and JAIC aiming for a superior return through investments in promising venture companies.

Information on CyberAgent Ventures, Inc.
CEO : Soichi Tajima
As corporate venture capital arm of CyberAgent, Inc., one of the largest Internet media and advertisement companies in Japan, it was established in April 2006.
CyberAgent Ventures operates venture capital business in Japan, China and Vietnam.

Information on Japan Asia Investment (China) Co., Ltd.
CEO: Masashi Hosokubo
It was established and incorporated in 2007 as a subsidiary of Japan Asia Investment Co., Ltd. As a main entity of JAIC Group’s business in China, it has invested in areas such as Internet, biotechnologies, healthcare and consumer industries.
JAIC Group has invested in more than 140 companies in China so far and 44 companies achieved IPO.

■For further information, please contact;
CyberAgent Ventures, Inc.
Tel：03-5459-0597　　　
E-maill：cav_keiei@cyberagent.co.jp　　

The Internet Business Support Project "Startups2010" starting at July 2010 managed by CyberAgent Ventures, Inc. (Headquarters: Shibuya Ku, Tokyo, President: Souichi Tajima, "CAV"), the subsidiary of CyberAgent, Inc. (Headquarters: Shibuya-ku, Tokyo, President CEO: Susumu Fujita, listed on TSE Mothers: 4751), has determined 5 teams to support.

Targeting for technical engineers and creators, "Startups2010" aims at discovering and supporting new potential Internet services such as social applications and smart phone applications. Among more than 100 applicants, CAV determined 5 teams to support. The characteristics of these teams are that members are all 20s – early 30s, and their ideas include business expansion in overseas. CAV will strongly support them to brush up their business plan, and provide financial capital for their business development.

Leveraging the experience and knowhow of CA group, CyberAgent Ventures has invested start-ups in the Internet market, and supported their business operation and development. From the next year, "Startups" project will be held twice a year in spring and fall. CAV will continuously provide opportunity for entrepreneurs to create new services in the Internet industry. The next "Startups2011 – spring -" will be held in March 2011.
For more information, please visit the following website.

Official Site http://www.cyberagentventures.com/startups2010/
Twitter: http://twitter.com/Startups_VB

# Information on CyberAgent Ventures:
Company Name
CyberAgent Ventures, Inc. http://www.cyberagentventures.com/
Office CyberAgent Building 10F, 2-11-1 Dougenzaka, Shibuya-ku, Tokyo, Japan
Established April 3, 2006
Capital JPY150,000,000
President & CEO Soichi Tajima

# Information on this release:
CyberAgent Ventures, Inc.
Tel：03-5459-0597 Mr. Ebihara，Ms. Sato
E-mail：cav_keiei@cyberagent.co.jp

CyberAgent Ventures, Inc. (HQ: Minato-ku, Tokyo, CEO: Soichi Tajima), a venture capital arm of CyberAgent, Inc. (HQ: Shibuya-ku, Tokyo, President: Susumu Fujita, TSE Mothers: 4751), is proud to announce a brand new partnership with beSUCCESS, the front-running tech media and global launch platform for the tech startup ecosystem.

The alliance will help CyberAgent Ventures to enhance its reach to more promising Korean startups. As a significant value add of the new partnership with beSUCCESS, CyberAgent Ventures will provide the beSUCCESS audience with regular valuable information about the Internet startup markets in Japan, China and Southeast Asia .

Additionally, partnering with beSUCCESS, CyberAgent Ventures plans to hold conferences particularly for Korean startups which aim at expand their businesses into the overseas markets. CyberAgent Ventures is also a preferred venture partner to “beLAUNCH 2013”, one of the biggest and most influential conferences in the Korean Internet startups scene, organized by beSUCCESS.

CyberAgent Ventures believes that the partnership with beSUCESS will add unique value to the Korean Internet startup community and will result in more opportunities to invest in promising startups there.

■ About beSUCCESS

Company name:    beSUCCESS.inc   

Address:               Mario Tower 822,222-12, Guro-dong,Seoul,Korea

President&CEO:    James Jung

■About beLAUNCH

Event name:          beLAUNCH2013

URL:                     http://belaunch.com/

Event date:           2013/5/1~2

Place:                   Conference Hall at COEX, Gangnam-gu, Seoul, Korea

beSUCCESS ／beLAUNCH contact: Nathan Millard, Global Director, nathan〔atmark〕besuccess.com

■ Company Profile of CyberAgent Ventures

Company name:    CyberAgent Ventures, Inc.　　http://cyberagentventures.com/en/

Address:               Akasaka DS bldg.3F,8-5-26 Akasaka, Minato-ku, Tokyo, JAPAN

Established:          April 3, 2006

Capital:                 JPY 360 Million

President & CEO:  Souichi Tajima

■ Inquiry

Hide Ebihara of CyberAgent Ventures, Korea office.

Phone:                  +82-(2)-2008-4550

E-mail:                  ebihara〔atmark〕cyberagentventures.com