09:45 AM EDT, 06/24/2024 (MT Newswires) -- VCI Global ( VCIG ) said Monday that it signed an agreement to invest up to $30 million in TalkingData Group Holding, which provides big data analytics and artificial intelligence-powered solutions in Asia.

The investment will make VCI Global ( VCIG ) a "substantial shareholder" of TalkingData Group and grant VCI Global ( VCIG ) exclusive rights to TalkingData's AI products and services in Southeast Asia, according to VCI Global ( VCIG ).

TalkingData plans to pursue a US public listing "in the near future," VCI Global ( VCIG ) said.

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