Japan’s CyberAgent Ventures To Set Up Office in Taiwan, Jakarta to Follow

Japan’s CyberAgent Ventures has announced that it will be establishing a new office in Taipei, Taiwan. You may recall CyberAgent Ventures, the investment arm of CyberAgent Inc., who we wrote about back in May after its $1 million investment in restaurant review service iPeen.

This move signifies the group’s intentions to grow its portfolio further in Taiwan and in Greater China, which would add to the total of 18 companies it has invested in already in those regions. The company pointed to the importance of Taiwan in its statement:

Given the popularity of the Internet and the abundance of entrepreneurs in Taiwan, we consider Taiwan as a very attractive market, and will enhance our investment and incubation activities by establishing the new office in Taipei.

Speaking to a CyberAgent representative this morning, Penn-Olson learned that the company is also planning to set up an office in Jakarta, Indonesia this upcoming October. After its recent series B investment in Indonesian online mall Tokopedia, the company’s director of overseas investment noted the high potential of the market there.

These moves continue the recent trend of Japanese companies looking to expand abroad, and within the CyberAgent parent company which is currently having some success in the overseas market with its Facebook games.