About VNG Corporation
VNG Corporation is a company based in Ho Chi Minh City (Vietnam) founded in 2004 by Vuong Quang Khai and Le Hong Minh. It operates as a SaaS (Software-as-a-Service), and Freemium. VNG Corporation has raised $29 million across 1 funding round from investors including Temasek. VNG Corporation has completed 1 acquisition, including Baomoi. VNG Corporation offers products and services including Zalo & AI, Online Games, Payment & Finance, and Digital Transformation. VNG Corporation operates in a competitive market with competitors including Electronic Arts, Netmarble Games Corporation, Kongregate, Machine Zone and Nexon, among others.
- Headquarter Ho Chi Minh City, Vietnam
- Founders Vuong Quang Khai, Le Hong Minh
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Sectors
Media & Entertainment
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Phone
*********
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Website
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Social
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- Legal Name Vng Group
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Products & Services of VNG Corporation
VNG Corporation offers a comprehensive portfolio of products and services, including Zalo & AI, Online Games, Payment & Finance, and Digital Transformation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A messaging and AI platform is provided for users.
Various online games are developed for global users.
Digital payment and financial solutions are offered widely.
Digital transformation services are provided to businesses efficiently.
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Funding Insights of VNG Corporation
VNG Corporation has successfully raised a total of $29M through 1 strategic funding round. The most recent funding activity was a Series B round of $29 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $29.0M
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First Round
First Round
(04 Mar 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series B - VNG Corporation | Valuation | Temasek |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in VNG Corporation
VNG Corporation has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Temasek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
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An investment platform is provided for diverse sectors and geographies.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by VNG Corporation
VNG Corporation has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Baomoi. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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News content is aggregated and delivered online across various topics.
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - VNG Corporation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vng Corporation Comparisons
Competitors of VNG Corporation
VNG Corporation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Electronic Arts, Netmarble Games Corporation, Kongregate, Machine Zone and Nexon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Video game developers focused on core games
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Mobile-based mid-core games are developed and published across platforms.
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Video games are published via a web-based gaming platform.
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Mobile game developer
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Nexon is recognized as a leading developer of online games.
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Casual mobile games are developed with ad-based monetization models.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vng Corporation
Frequently Asked Questions about VNG Corporation
When was VNG Corporation founded?
VNG Corporation was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Where is VNG Corporation located?
VNG Corporation is headquartered in Ho Chi Minh City, Vietnam.
Who is the current CEO of VNG Corporation?
Le Hong Minh is the current CEO of VNG Corporation. They have also founded this company.
Is VNG Corporation a funded company?
VNG Corporation is a funded company, having raised a total of $29M across 1 funding round to date. The company's 1st funding round was a Series B of $29M, raised on Mar 04, 2019.
What does VNG Corporation do?
VNG Corporation is established as a prominent technology company in Vietnam, focusing on creating innovative solutions and developing human potential. The company is engaged in sectors such as communication, gaming, financial services, and digital transformation. Products like Zalo, online games, and payment solutions are developed to serve millions of users. With a mission to expand globally, VNG is committed to technological advancement and social responsibility initiatives.
Who are the top competitors of VNG Corporation?
VNG Corporation's top competitors include Machine Zone, Linekong and Netmarble Games Corporation.
What products or services does VNG Corporation offer?
VNG Corporation offers Zalo & AI, Online Games, Payment & Finance, and Digital Transformation.
How many acquisitions has VNG Corporation made?
VNG Corporation has made 1 acquisition, including Baomoi.
Who are VNG Corporation's investors?
VNG Corporation has 1 investor. Key investors include Temasek.
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