TOKYO -- Japanese financial services group SBI Holdings and other Asian-based companies will invest a total of $51 million in Vietnam's online marketplace Sendo Technology, seeking to tap the country's booming e-commerce market.
The eight investors include Daiwa PI Partners, SoftBank Ventures Korea and Beenos, which operates cross-border e-commerce services in Japan. Investment companies from Hong Kong and elsewhere in Asia also are participating in what will be one of the largest funding rounds for a Vietnamese startup. Their individual investments have not been made public.
