E-commerce supply-chain management platform V-More is now planning expansion into Thailand after surpassing 500,000 users across Asia.
V-More says it aims to recruit new Thai e-commerce merchants as part of its expansion strategy and has rolled out onboarding programs for new merchants and users. Already, the company has gained a solid foothold in Singapore, Hong Kong, Indonesia, Malaysia, China and Taiwan.
“We are pursuing a plan of expansion and hope to achieve revenue growth through mass adoption by users and merchants in our ecosystem,” said Sir Eldee Tang, CEO and founder of Noble Vici Group.
“Thailand is fast becoming the leading e-commerce market, and we seek to increase our user and merchant base through user incentive programs, brand awareness and marketing programs,” he said.
V-More describes itself as a one-stop marketplace for high quality, value-for-money products. Its ‘shop, save and earn’ program has gained the trust of online shoppers.
According to research, there are more than 57 million internet users in Thailand and the market is valued at US$3.5 billion. It is expected to generate revenue growth of 13.2 per cent annually, reaching US$5.8 billion by 2022.
“We look forward to new local merchants to come on board our platform and welcome sellers and buyers to experience the online marketplace for the first time,” added Tang.