Vietnamese unicorn VNG pares stake in e-wallet ZaloPay operator

Vietnamese unicorn VNG pares stake in e-wallet ZaloPay operator

Photo: Zalopay

Vietnamese tech unicorn VNG Corporation has reduced its stake in Zion, the operator of e-wallet ZaloPay, to 60 per cent, according to its financial statement for the fourth quarter of 2019.

VNG owned approximately 100 per cent of Zion before the transaction. It raked in 464 billion dong ($19.9 million) from the sale of its nearly 40 per cent stake in the e-wallet operator.

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