VNG Corporation (stock code VNZ) has released its semi-annual financial report for 2024, with impressive results. The company recorded a gross revenue of 4,314 billion VND, and a gross profit of 1,511 billion VND from sales and services. However, VNG also reported a net loss of 400 million VND from business operations.
Delving into the performance of each segment, the online gaming division achieved a total bookings value of 3,613 billion VND. Notably, international bookings increased by 23%, contributing 28% to the division’s total bookings.
ZingPlay Game Studios (ZPS) disclosed that their international revenue from the Card & Board game genre surpassed domestic earnings for the first time.
Image: Online Gaming Division’s International Bookings (in billions of VND)
As of June 2024, Zalo maintained its dominance as Vietnam’s leading messaging app, with 77 million monthly active users, reflecting a 2% year-over-year increase. Additionally, Zalo users sent 1.9 billion messages daily, a 7% rise compared to the previous year. In the first two quarters of 2024, 15 million users experienced AI services on Zalo, marking a significant 45% increase from the same period last year.
Vietnamese voice assistant Kiki also exhibited robust growth, with installations in 820,000 cars to date. This accounts for nearly 20% of the market share of circulating cars in Vietnam, signifying a remarkable 97% growth rate compared to 2023.
Zalopay, VNG’s electronic payment division, witnessed a 42% growth in total payment volume while optimizing marketing costs. Financial service revenue from Zalopay surged by 190% year-over-year.
Established in 2004, VNG operates across four primary groups: Online Gaming, Zalo & AI, Electronic Payments, and Digital Transformation. The company currently employs nearly 3,600 people across 11 global cities.
The Real Estate Company in District 7 Reports a Surge in Half-Yearly Profits, a Whopping 100 Times More Than Last Year’s Annual Figures.
In a surprising turn of events, amidst a subdued real estate market, a real estate company in District 7, Ho Chi Minh City, has recorded extraordinary financial results. The company’s performance for the first half of the year far exceeded expectations, with profits soaring to over 100 times their full-year 2023 earnings. This remarkable achievement has caught the attention of industry experts and stakeholders alike, leaving many wondering about the strategies employed by this company to achieve such remarkable success during a period of market stagnation.
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Is VNG Taking a Bold Step or a Gamble with its Ambitious Ventures?
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Engaging Customers Through Brand Representative Stickers on Digital Platforms
Many businesses are capitalizing on the power of stickers to enhance customer engagement and boost brand recognition on social media platforms. By creating unique and interactive sticker packs, these forward-thinking companies are revolutionizing the way they connect with their audience. This innovative approach not only increases user interaction but also leaves a lasting impression, setting their brand apart in the digital world.
