Vietnamese unicorn VNG trims stake in e-commerce major Tiki

Vietnamese unicorn VNG trims stake in e-commerce major Tiki

Vietnamese Internet unicorn VNG Corporation has reduced its stake in e-commerce firm Tiki to 24.4 per cent from 28.8 per cent earlier, according to the former’s semi-annual financial statement.

VNG had initially acquired a 38 per cent stake in Tiki in a $17-million deal in 2016.

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