The internet population has exceeded 250 million people in China and has grown into the largest internet market in the world. However, the penetration rate is still lingering at around 20% of the population, so a steady growth of the market can still be expected in the future. As for mobile phones, the subscriptions have already reached 600 million. Having traveled across the sea from the US to Japan, the trend of providing services over the internet has now reached the vast land of China. Japan being a few years ahead of China in this field, it is certain that the CyberAgent’s experience and skills of running an internet business enterprise would be a vantage point in this market. There are 3 capitalists stationed in Beijing and Shanghai, who are currently administering a total of US$ 22.8 million in an investment fund. (As of November 2008)

The population of Vietnam is around 85 million, but the structure of their population is very unique; 70% of their people are under 40 years of age. The internet population has blown up to over 20 million, and the market is growing so much that even virtual business models are being set up on the internet. Just as it is in China, the market in Vietnam is without a doubt a place where CyberAgent’s experience and know-how would be appreciated by the local internet companies. We have set up an office in Ho Chi Minh, the capital city, and there will be 3 capitalists stationed there starting from April 2009. (As of November 2008)