VCI Global, a leading technology and consulting company based in Kuala Lumpur, Malaysia, recently announced a significant investment in TalkingData Group Holding Limited, a major player in the big data analytics and AI solutions sector.
The agreement, valued at up to US$30 million, establishes VCI Global as a substantial shareholder in TalkingData, granting the company exclusive rights to distribute TalkingData’s data AI products and services in Southeast Asia. This strategic move aims to enhance VCI Global’s presence in the rapidly expanding data analytics market in the region.
TalkingData, which serves renowned global brands such as Google, Yahoo, L’Oréal, PepsiCo, and Nike, has attracted investments from prominent firms like China Resources Capital, Softbank’s SB China Venture Capital, and JD.com. With a previous valuation of US$1.13 billion, TalkingData is now gearing up for a public listing on the US market, reflecting its commitment to growth and market leadership.
Leo Cui Xiaobo, CEO of TalkingData, expressed excitement about the partnership with VCI Global, highlighting the company’s expertise in capital markets and technology as key assets in expanding into Southeast Asia.
Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, emphasized the significance of this stake acquisition, positioning the company at the forefront of Southeast Asia’s dynamic data analytics sector. He envisions leveraging this opportunity to drive innovation, deliver value, and strengthen market leadership in the coming years.
VCI Global, known for its focus on consulting, fintech, AI, robotics, and cybersecurity, is poised to leverage its partnership with TalkingData to fuel growth and capitalize on the region’s data analytics market. This collaboration underscores the company’s commitment to driving innovation and staying at the forefront of technological advancements in Southeast Asia.
