Telio shuts, Tiki stumbles: Is VNG's e-commerce dream unravelling?

Vietnamese technology giant and unicorn VNG Corporation’s foray into e-commerce—through investments in the local B2B e-commerce startup Telio and online marketplace Tiki—once appeared well-founded. Yet, the recent shutdown of Telio and Tiki’s piling losses and IPO setbacks now cast doubts on the soundness of the e-commerce strategy.