Free Subscription

  • Access 15 free news articles each month


Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

JD boosts stake in Tiki Vietnam

Chinese online giant JD has become the largest shareholder in e-commerce platform Tiki Vietnam.

JD has bought a 25.65-per-cent stake in the business, taking its shareholding past that of previous leading investor VNG Corporation, which holds 24.4-per-cent ownership in the platform. VNG has invested US$22.4 million in Tiki over the past two years. 

Tiki Vietnam has grown from an online bookstore to Vietnam’s second largest e-commerce provider in terms of traffic, after rival Shopee.

The firm is reportedly seeking a $100 million investment in its next funding round in order to boost its competitive edge.

You have 7 free articles.