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Let’s review the news in the first week of December with BSSC News

Pharmacity pharmaceutical chain is the next target of SK Group

SK Group is approaching to complete the capital injection into Pharmacity pharmacy chain in Vietnam. Previously, a source from the Korean newspaper noted that SK Group planned to invest 100 million USD for this chain. The deal is known to have reached its final round of negotiations in June 2021, and this is seen as part of the Korean group’s efforts to tap into the fast-growing retail and healthcare market in China. Southeast Asia. In Vietnam, SK Group has poured nearly $1 billion to buy shares of Vingroup and more than $1.2 billion to buy shares of Masan Group and its subsidiaries The CrownX and Vincommerce.

Zoomcar enters Vietnam’s car rental market

Zoomcar, India’s leading self-driving car rental platform, said it will operate the service in Vietnam from next week. A representative of Zoomcar Vietnam said that users can start booking services from next Monday (December 6) through the application and website. The company also says it already has a variety of vehicles on the platform, from SUVs to hatchbacks. To “fight” the market, Zoomcar appointed Mr. Kiet Pham, who used to hold senior management positions at companies such as Gojek, Oyo and Nielsen, as Vice President and Country Director. Zoomcar launched its first car rental platform in India in 2013 and became the leader in the car rental ecosystem. Zoomcar intends to use this budget to grow its car rental market in India and select markets in Asia and the MENA region.

Shares of a Vietnamese company fell 83% after half a month on Nasdaq

On November 9, 2021, Society Pass (SOPA), a US-based company operating in Vietnam, started trading shares on Nasdaq. Shares of the company soared in the first week of launch to $48.59, 440% higher than the IPO price of $9. However, since then, SOPA stock’s market price has dropped sharply. Compared to the closing price of the first session, SOPA has lost 83% of its value after only half a month. The capitalization through that also fell from more than $830 million to $142 million. SOPA is an e-commerce company formed from the acquisition of Hottab and Leflair. SOPA’s founder is Dennis Nguyen, he was the chairman of The KAfe and vice president at Huy Vietnam.

CMC Telecom and Check Point ‘dissolve’ threats in cloud security

On the morning of November 30, 2021, CMC Telecom and Check Point organized an online seminar “Secure Cloud, Transform Your Business” to “dissolve” information security threats for businesses with security technologies. the most advanced. CMC Cloud ecosystem of CMC Telecom is the pioneer cloud platform in Vietnam that connects directly to the cloud of three technology giants in the world, namely AWS, Microsoft and Google. The integration of Check Point’s security technology with CMC Telecom’s Cloud platform will add a solid “shield”, preventing attacks and reducing risks for businesses when moving “to the cloud”. This cooperation will lock down the security network for enterprise data and systems, ensure safety when transferring applications and data to the Cloud infrastructure, increase defense power and “resolve” threats. threats thanks to Check Point technology and CMC Cloud infrastructure.

Play Ventures launches blockchain game fund with $75 million

Play Ventures, an early stage VC fund that invests in the gaming sector, has launched a $75 million fund for blockchain gaming. According to the fund’s website, the fully registered Play Future Fund has so far invested in four startups. The company is currently looking for founding teams with deep experience in both crypto and games. Since launching in 2018, Singapore-based Play Ventures has invested in nearly 35 startups. Prior to Play Ventures, their founding partners invested in several game startups and helped attract $125 million in angel portfolio funding.

Sources of information include DealstreetAsia, TechInAsia, and TechCrunch.