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Hubert Burda Media has announced its investment in the leading Vietnamese search and browser company Coc Coc. The tech company headquartered in Hanoi, Vietnam has launched its main products (the Coc Coc Browser, Coc Coc Search engine, Coc Coc advertising, and a geo location application “Nha Nha”) in April 2013 and has acquired leading positions in the Vietnamese market. Currently CocCoc employs more than 200 specialists from all around the world.
"Coc Coc already reaches a very big audience, shows remarkable technological competitiveness and strong growth. We are convinced of its ability to rapidly develop and launch new features and products that are welcomed by Vietnamese users. We’re really pleased to welcome Coc Coc to be a part of our portfolio in Asia and expecting further development of the company in near future.“
Peter Kennedy, Executive Chairman Hubert Burda Media (Asia).
"I'm very excited to have Hubert Burda Media as a business partner, whose smart money will help us to strengthen our position in Vietnamese market and roll out to the rest of the South-East Asia."
Victor Lavrenko, Coc Coc CEO
Coc Coc was co-founded by three Vietnamese founders and Victor Lavrenko, present company's CEO, who brought the technological team to Vietnam and acquired developers from the biggest Russian internet companies such as Yandex, Mail.ru or Parallels. Coccoc.com is the site with the highest daily audience in Vietnam (8 Mio. monthly users, according to Comscore; Number one in Vietnam and number 147 worldwide, according to Alexa). The name of the company is onomatopoeia for the sound of knocking at a door.