With that license, VNG went on to build a sophisticated social media platform called Zing that tied in its users and continues to benefit VNG to this day. VNGвЂ™s early days were launched by a game called вЂњVo Lam Truyen KyвЂќ, licensed from Chinese gaming company Kingsoft. The interesting thing is, both of these gaming unicorns piggybacked off of licensing. Vng-vinagame-idg-ventures-vietnam TheyвЂ™re both in games and investing into chat apps Like VNG, itвЂ™s not clear GarenaвЂ™s real market cap is since it also hasnвЂ™t IPOвЂ™ed. And, like VNG, Garena has over 2,000 employees currently. According to some sources, GarenaвЂ™s revenue was near $200 million in 2013. Is a chat app a rite of passage for unicorns?!) called BeeTalk, which has already amassed over 10 million users regionally in four months.

ItвЂ™s also got a flagship chat app (wait a minute, Line, KakaoTalk, VNG, and Garena all have chat apps. Garena, by contrast, wants to be the Tencent of Southeast Asia. VNG also hasnвЂ™t IPOвЂ™ed so itвЂ™s not clear what the real valuation of the company is. VNG has made just a few attempts into the Asian market with a game in China and a game in Japan, but hasnвЂ™t had explosive success from there. Unlike Line and KakaoTalk, who both ventured regionally with their chat apps, VNG is so focused on the domestic market that most outside of Vietnam have no idea who or what this company is. But the company, despite its size, is totally focused on Vietnam. Zalo currently has over 15 million total downloads.

Its product spread spans from social media to entertainment to mobile games to a flagship chat app called Zalo. VNG, with $100 million in revenue and 2,000 employees spread across Vietnam, is VietnamвЂ™s behemoth.

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