Singapore’s NXCLOUD to partner with Zalo to redefine global communications
Announcement made at world’s most influential exhibition for the connectivity industry, Mobile World Congress (MWC) 2024 in Barcelona.
VNG to withdraw US IPO filing
Tech unicorn has filed a Registration Withdrawal Request with the SEC after submitting a registration statement last August for a possible listing on Nasdaq.
Vietnam Game Development Alliance comes into being
The Vietnam Game Development Alliance (VGDA) is to be officially launched in Ho Chi Minh City on June 30. It has gathered nearly 60 members who are active in the field of online video games, and has a Coordination Committee of ten members: VNG, Vietnam Esports, GOSU Corp, SohaGame, VTC Game, Gamota, Funtap, Viettel Media, Travellet, and Solarplay.
OpenCommerce Group raises $7mln in Series A round
The OpenCommerce Group (OCG) has announced it raised $7 million in a Series A funding round led by VNG with the participation of venture capital fund Do Ventures. OCG provides a barrier-free, cross-border e-commerce platform for retailers of all sizes around the world, especially Vietnamese. It is one of just a few companies in Vietnam capable of creating products that can compete with major international players in the field of cross-border e-commerce.
VNG invests in Funding Societies
VNG, Vietnam’s leading internet and technology company, announced on February 16 a $22.5 million investment in Funding Societies, a digital capital funding platform for Southeast Asian small and medium-sized enterprises (SMEs) and which operates in Singapore and Indonesia under the name Modalka. The latter is licensed and registered to operate in four countries and territories in the region and will operate in Vietnam shortly.