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Appota acquires WiFi Chua

Released at: 11:09, 09/03/2018

Appota acquires WiFi Chua

Photo: Appota

Mobile technology platform pioneer picks up leading mobile app providing access to public wi-fi by password sharing in Vietnam, on March 8.

by My Van

Appota, one of the pioneers in the field of mobile technology platforms, announced its acquisition of WiFi Chua, the leading mobile app providing access to public wi-fi by password sharing in Vietnam, on March 8 in Hanoi, marking an important milestone as the former will reach 50 million users in its ecosystem of smartphone services and products.

WiFi Chua is expected to reinforce the ecosystem of Appota’s mobile utilities, bringing the total number of customers using Appota’s products to 50 million.

WiFi Chua will gain access to Appota’s services, such as digital content release, advertising, app monetization, and mobile payment services. It will also be oriented to expand to Southeast Asia, whose markets have the same characteristics as Vietnam, regarding internet development, technical infrastructure, and user behavior.

“Access to public wi-fi is very popular in Vietnam,” said Mr. Do Tuan Anh, CEO of Appota. “This represents tremendous potential in developing the utility ecosystem associated with wi-fi to serve users. Staff at WiFi Chua will work at Appota post-merger.”

They are very creative and keen developers, he added, and Appota’s staff can introduce breakthrough applications in the time to come, providing more value to internet users.

In the five years since being launched, WiFi Chua has always been among the Top 100 in mobile app rankings, with 18 million users with 2.4 million access points throughout Vietnam.

Appota is the pioneering company in the field of mobile technology platforms in Vietnam, with over 30 million users worldwide. The company is also working with more than 15,000 partners, including app developers, advertisers and points of service.

As one of three largest local game publishers in Vietnam, it brings various game titles and attracts millions of gamers. Its advertising and payment services also have a strong presence in the market.

Appota was selected as one of four companies in Asia in 2016 to cooperate with Google to develop Google Ad Exchange in Vietnam.

In 2017 it announced it success in securing Series C investment from two South Korean investment funds: Korea Investment Partners (KIP) and Mirae Asset Venture Investment. It previously received Series A investment from the VNP-Group in 2012 and Series B from the GMO Global Payment Fund and Golden Gate Ventures in 2014.

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