VNG incurs big losses from Tiki investment
Tuesday, March 6,2018
AsemconnectVietnam - VNG Corporation, a provider of online games and related services, reported a handsome profit of more than VND1 trillion (US44 million)in the fourth quarter of 2017, but suffered a loss of VND218 billion from the e-commerce platform Tiki.
VNG said in its quarter-four financial report that the company incurred a loss of VND218 billion since its Tiki investment of VND384 billion in early 2016. The remaining amount of the deal was over VND165 billion as of late 2017.
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