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May 05, 2015 7:14 PM ET

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Company Overview of VNG Corporation

Company Overview

VNG Corporation, an Internet company, provides entertainment, community, and software products in Vietnam and China. It develops multiplayer Internet-based games. The company allows users to access news, favorite music, and online games. It develops brands to connect Vietnamese community network; and solutions for digital content and entertainment, and e-Commerce. The company was formerly known as VinaGame Inc. and changed its name to VNG Corporation in January 2010. The company was founded in 2004 and is headquartered in Ho Chi Minh City, Vietnam.

182 Le Dai Hanh st.

Ward 15

Dist. 11

Ho Chi Minh City,  70000

Vietnam

Founded in 2004

Phone:

84 8 3962 3888

Fax:

84 8 3866 4666

Key Executives for VNG Corporation

Founder, Chairman and Chief Executive Officer
Co-Founder and Advisor
Vice President of Operation
Head of Human Capital and Vice President
Director of Technology
Compensation as of Fiscal Year 2014.

VNG Corporation Key Developments

Lang Van Files Lawsuit Against International Data Group, IDG Ventures, IDG Ventures Vietnam and VNG Corp

Lang Van filed suit in the United States District Court for the Central District of California as plaintiff against defendants International Data Group (IDG), IDG Ventures, IDG Ventures Vietnam and VNG Corporation (VNG) in a case of copyright infringement. As stated in the complaint, Zing.vn (Zing), a VNG-owned and operated website and one of Vietnam's entertainment portals, illegally makes more than 3,000 Lang Van-owned recordings and 600 albums available for streaming or download around the globe. According to the complaint, the U.S.-based fund IDG Ventures, through its Vietnamese investment vehicle IDG Ventures Vietnam, directly contributed to the exponential growth of Zing.vn's website as well as the launch of the Zing Music website, bringing its business expertise, guidance and financial backing to help VNG grow. The investment also allowed IDG Ventures Vietnam to install its own managing general partner, Nguyen Bao Hoang, to the VNG Board of Directors. This investment paved the way for Zing.vn's rapid growth.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 9, 2014
VNG Corporation, 123Mua.vn
 

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