14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Vietnamese unicorn invests US$6 million in digital gifting platform

Phi Nhat

Mar 12, 2021 / 08:28 PM

The Vietnamese unicorn aims to form an ecosystem for domestic technology companies through assisting them in terms of capital.

VNG, Vietnam-based unicorn, has invested US$6 million in Got It - a digital gifting platform to help investee accelerate its artificial intelligence (Al) and person to person (P2P) gifting in Vietnam.

Vietnamese unicorn invests US$6 million in a digital gifting platform. Photo: Got It

This is also the first investment of VNG in startups in 2021. As part of its goal of forming an ecosystem for domestic technology companies, Le Hong Minh, VNG’s CEO emphasized that it assists local startups to be Vietnamese strong companies.

“From mid-2020, we started promoting the strategy of finding domestic startups for long-term investment and companionship," he said.

Its latest investment was at the end of last year when VNG purchased 20% stake in Ecotruck Technology, a local startup. According to its financial statements, VNG also holds 22.7% of e-commerce site Tiki's capital and 49% of Thanh Son Media’s.

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