How are Shark Binh's 4 billion-dollar valued NextTech pillars doing business?

(Dan Tri) - Before the scandals, Mr. Nguyen Hoa Binh's NextTech was once valued by the media at billions of dollars. Shark Binh personally invested heavily in stocks and real estate.

Most recently, netizens discovered that Mr. Nguyen Hoa Binh (Shark Binh) has made silent changes to the account with the blue tick Nguyen Hoa Binh - the official page with more than 700,000 followers.

The introductory video and official video of the livestream on exchanging business and life knowledge: Leadership thinking in turbulent times on October 6th have "disappeared" for unknown reasons.

Also on the afternoon of October 6, at a press conference, a representative of the Hanoi Police Department said that, in response to suspicions related to businessman Nguyen Hoa Binh (Shark Binh) and the AntEx virtual currency project, the authorities have stepped in to verify and investigate. Currently, the police have received a complaint from an individual who was robbed of about 2,000 USD.

Before the scandals, Shark Binh’s NextTech was once reported by the media to have a valuation target of up to billions of USD. He personally invested heavily in stocks and real estate.

NextTech ecosystem was once valued at billions of dollars

4 pillars of NextTech (Photo: Tri Tuc).

Shark Binh started his business in 2001 with PeaceSoft Software Solutions Joint Stock Company, initially developing software for businesses and then switching to e-commerce.

After only 3 years, PeaceSoft is valued at about 6 million USD, of which Shark Binh owns about 2 million USD.

The big turning point came in 2013 when PeaceSoft restructured into Future Technology Investment and Development Company Limited - the predecessor of NextTech Group Joint Stock Company (NextTech Group).

Mr. Binh holds the role of Chairman of the Board of Directors and Legal Representative. NextTech's goal is to build a technology complex worth billions of dollars, and is expected to be the "Alibaba of Vietnam".

According to the announcement, NextTech invests in about 20 businesses in four fields: financial technology, e-commerce, e-logistics, and education - society.

How are the 4 pillars doing?

First, the financial technology sector has familiar names such as Ngan Luong, Vimo, AlePay, mPOS, NextPay. This is the main growth sector of the NextTech ecosystem.

In particular, the payment gateway Ngan Luong was established on September 10, 2012, and increased its capital many times from VND 52.7 billion to nearly VND 370 billion before decreasing back to VND 52.7 billion in early 2024.

In parallel, in the period 2017-2022, the two e-wallets Vimo and NextPay continuously reported profits, in contrast to most other e-wallets on the market. In 2022, NextPay recorded a profit of more than 165 billion VND.

Second, the e-commerce sector includes Sales Bot, Cnvloyalty, Coolmate, Ladipage, Myspa.

In this segment, the most successful deal is considered Coolmate. In his sharing on The Investors season 2, Mr. Binh "boasted" that after many rounds of capital calls, Coolmate's valuation had reached 2,000 billion VND, bringing in dozens of times more profit to his investment portfolio.

Mr. Nguyen Hoa Binh invested 500,000 USD in Coolmate at Shark Tank season 2 (Photo: SharkTank).

Third, the e-logistics sector has Boxme, HeyU, FastGo - operating at a low level.

Finally, the education - social sector has TopCV, Schola and Tick.com.

Among these, TopCV is known as the leading recruitment technology platform in Vietnam, providing tools to help candidates create CVs, find jobs and employers find suitable candidates. Currently, TopCV is still the preferred choice of many job seekers.

With the above 4 pillars, during the strong development period, Shark Binh's ecosystem was once reported by the media to be valued at up to 1 billion USD.

In fact, NextTech has also undergone many changes in capital and ownership structure. In 2020, the charter capital increased from VND 100 billion to VND 500 billion, then decreased sharply to VND 4.2 billion in October 2023. Mr. Nguyen Hoa Binh still maintains a 70% ownership ratio.

Source: https://dantri.com.vn/kinh-doanh/4-tru-cot-nexttech-dinh-gia-ty-usd-cua-shark-binh-dang-kinh-doanh-ra-sao-20251012092232041.htm