Friday, September 9, 2011

MuaChung.vn being sold at around $2m

MuaChung.vn, among top 3 Groupon clones in Vietnam, is being spun off from VCCopr and up for sale.


Potential price: up to $2m


Proceeds are most likely be used to fund solo.vn (a B2C service) and probably a few other projects.


Why: maybe management believes in other business models.


Speculation on who might be the buyer: more likely a financial investor than an industry buyer.




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