Illustrative image (Source: VNA) Hanoi (VNA) - JD.com, China’s largest retailer, has gained another footholdin Southeast Asia with its strategic investment in Tiki, Vietnam’s leading B2Ce-commerce platform.
JD has signed the sharesubscription agreement as co-lead investor in Tiki’s recent Series C round offinancing. Closing of the Series C round is subject to satisfaction ofcustomary closing conditions. Upon completion of this investment, JD.com willbecome one of Tiki’s largest shareholders.
JD will partner with Tikiin a range of areas including merchandising, cross-border trade, logistics andfulfillment, technology, financing, and operational capabilities. JD alreadyhas an established e-commerce platform in Indonesia, and recently partneredwith Thai conglomerate Central Group to enter Thailand. With its investment inTiki, JD adds Vietnam to its growing Southeast Asia presence.
“We are very excited tocontinue our Southeast Asia expansion with Tiki, a company that has a deepunderstanding of Vietnam and a reputation for outstanding customer service,”said Winston Cheng, President of International at JD.com.
Son Tran, Tiki’s Founderand CEO said JD and Tiki shared the same business philosophy: to win marketshare by winning consumers’ heart. Since inception, Tiki has always focused onbest-in-class, authentic shopping experience and amazingly fast delivery.
Tiki and JD will cooperateto deliver a wider authentic selection from global brands to consumers, whilehelping Vietnamese local brands in expanding internationally via JD’s globalplatform.-VNA
JD has signed the sharesubscription agreement as co-lead investor in Tiki’s recent Series C round offinancing. Closing of the Series C round is subject to satisfaction ofcustomary closing conditions. Upon completion of this investment, JD.com willbecome one of Tiki’s largest shareholders.
JD will partner with Tikiin a range of areas including merchandising, cross-border trade, logistics andfulfillment, technology, financing, and operational capabilities. JD alreadyhas an established e-commerce platform in Indonesia, and recently partneredwith Thai conglomerate Central Group to enter Thailand. With its investment inTiki, JD adds Vietnam to its growing Southeast Asia presence.
“We are very excited tocontinue our Southeast Asia expansion with Tiki, a company that has a deepunderstanding of Vietnam and a reputation for outstanding customer service,”said Winston Cheng, President of International at JD.com.
Son Tran, Tiki’s Founderand CEO said JD and Tiki shared the same business philosophy: to win marketshare by winning consumers’ heart. Since inception, Tiki has always focused onbest-in-class, authentic shopping experience and amazingly fast delivery.
Tiki and JD will cooperateto deliver a wider authentic selection from global brands to consumers, whilehelping Vietnamese local brands in expanding internationally via JD’s globalplatform.-VNA
VNA
