“The bulk of the money goes on to build products, build connections, invest in technology. We built a research lab, invested in deep research on “deep learning” technology, on AI. That is the key task in the investment capital this time “, said Mr. Tuong.In addition, MoMo will invest about 20% of new capital in Vietnamese technology companies with strategic orientations in line with building the ecosystem that MoMo aims to.
“These companies can grow quickly, and they can reach our large customer base and we will help drive Vietnam’s innovation ecosystem through this activity. We have also begun to talk to corporate companies about this issue, ”said MoMo’s General Director.
Talking about the plan to publicize (IPO), Mr. Nguyen Ba Diep, Co-Founder, Vice Chairman of MoMo Wallet said that the company really wants and also plans to conduct an IPO so that the company has more resources to recover. for the development process. Currently the company is preparing for this plan.
Source: bizlive.vn – Translated by fintel.vn