1. News
January 17, 2018

JD.com invests in Vietnam’s B2C e-commerce platform Tiki

Chinese online retailer JD.com (JD) has further strengthened its footprint in the South-East Asian market by making a strategic investment in Vietnam’s B2C e-commerce platform Tiki.

Chinese online retailer JD.com (JD) has further strengthened its footprint in the South-East Asian market by making a strategic investment in Vietnam’s B2C e-commerce platform Tiki.

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JD has signed the share subscription agreement as co-lead investor in Tiki’s recent Series C financing round.

Completion of the deal is subject to the customary closing conditions. Upon completion, the retailer will become one of the largest shareholders Tiki.

“Tiki’s partnership with VNG in social network and mobile payments is a natural fit as we aim to provide differentiated services to suppliers and consumers in Vietnam.”

JD International president Winston Cheng said: “We are very excited to continue our South-East Asia expansion with Tiki, a company that has a deep understanding of Vietnam and a reputation for outstanding customer service.

“With JD’s expertise in leveraging social media for e-commerce, Tiki’s partnership with VNG in social network and mobile payments is a natural fit as we aim to provide differentiated services to suppliers and consumers in Vietnam.”

As a major stakeholder in the Vietnamese firm, JD intends to partner with Tiki in a range of areas, including merchandising, cross-border trade, logistics and operational capabilities.

Tiki founder and CEO Son Tran said: “We are delighted to partner with JD.com, China’s most trusted online retailer, as we enter a new phase of growth.

“JD and Tiki share 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 noted that they will be working together in order to deliver global brands to Vietnamese consumers while helping local brands to expand internationally via JD’s global platform.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.