JD.com announces investment in Tiki
Wednesday, January 24,2018AsemconnectVietnam - JD.com, China’s largest retailer, has gained another foothold in Southeast Asia with its strategic investment in Tiki, Vietnam’s leading B2C e-commerce platform.
JD has signed the share subscription agreement as co-lead investor in Tiki’s recent Series C round of financing. Closing of the Series C round is subject to satisfaction of customary closing conditions. Upon completion of this investment, JD.com will become one of Tiki’s largest shareholders.
JD will partner with Tiki in a range of areas including merchandising, cross-border trade, logistics and fulfillment, technology, financing, and operational capabilities. JD already has an established e-commerce platform in Indonesia, and recently partnered with Thai conglomerate Central Group to enter Thailand. With its investment in Tiki, JD adds Vietnam to its growing Southeast Asia presence.
“We are very excited to continue our Southeast Asia expansion with Tiki, a company that has a deep understanding of Vietnam and a reputation for outstanding customer service,” said Winston Cheng, President of International at JD.com.
Son Tran, Tiki’s Founder and CEO said JD and Tiki shared the same business philosophy: to win market share by winning consumers’ heart. Since inception, Tiki has always focused on best-in-class, authentic shopping experience and amazingly fast delivery.
Tiki and JD will cooperate to deliver a wider authentic selection from global brands to consumers, while helping Vietnamese local brands in expanding internationally via JD’s global platform.
“We are very excited to continue our Southeast Asia expansion with Tiki, a company that has a deep understanding of Vietnam and a reputation for outstanding customer service,” said Winston Cheng, President of International at JD.com.
Son Tran, Tiki’s Founder and CEO said JD and Tiki shared the same business philosophy: to win market share by winning consumers’ heart. Since inception, Tiki has always focused on best-in-class, authentic shopping experience and amazingly fast delivery.
Tiki and JD will cooperate to deliver a wider authentic selection from global brands to consumers, while helping Vietnamese local brands in expanding internationally via JD’s global platform.
Source: Vov.vn
Yen Bai Minerals (YBM) aims to grow more than 10% in 2023
Vietnam Rubber Group (GVR): Profit expected to decrease by 10.3% to VND4,264 billion in 2023
SmartInvest Securities (AAS) received a license to issue shares with a dividend rate of 50%
Vietnam Electricity Construction (VNE) targets 2.4 times more profit after tax in 2023
In Q1/2023, Thuduc House (TDH) plans to make a profit in 2023 18 times higher than Q1/2022
Petrosetco (PET) continues to record profit in April 2023, down 12.1%, reaching VND18 billion
Petrovietnam (PVN) exploited 4.41 million tons of crude oil in the first 5 months
PVChem (PVC) poured VND60 billion to establish PVChem Industrial Technical Services Company
Nam Viet (ANV) expects profit to decrease by 35.4% to VND500 billion in 2023
Petrovietnam (PVN) exploited 4.41 million tons of crude oil in the first 5 months of 2023
Song Da Corporation (SJG) plans a backward profit in 2023
FECON (FCN) won nearly VND800 billion in the first 5 months of 2023
International Bank (VIB) plans to pour another VND500 billion into VIBAMC
Thai Nguyen International Hospital (TNH) targets VND150 billion profits in 2023
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...