By Shawn Lim
Chinese ecommerce company JD.com has signed a share subscription agreement as co-lead investor in its Vietnamese counterpart Tiki’s recent Series C round of financing. Upon completion of the investment, JD.com will become one of Tiki’s largest shareholders.
The partnership will see JD.com and Tiki work together in a range of areas including merchandising, cross-border trade, logistics and fulfillment, technology, financing, and operational capabilities. The two companies will also 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 Read full story ›
Source: The Drum