JD.com Becomes Largest Shareholder in Tiki Vietnam

Aug 2019

Chinese online e-commerce giant JD.com has become the largest shareholder in Tiki Vietnam, Vietnam’s second largest e-commerce platform by traffic after Singapore-based Shopee. It’s primary competitors in the country are Alibaba owned Lazada and Singapore-based Shopee. 

JD.com currently holds a 25.65% stake in Tiki Vietnam. It co-led a financing round of undisclosed size for Tiki in January 2018, together with Vietnamese entertainment and social media firm, VNG Corporation. VNG Corporation was previously the largest investor in Tiki having invested USD 22.4 million in the startup over the past two years. 

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

(Source: Inside Retail)

About Us

Orissa International helps companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 companies that includes distributors, resellers, system integrators and local manufacturers, that we have built through advising and guiding more than 5,000 companies with their market expansion into the ASEAN region over the last 25 years.

Orissa International is headquartered in Singapore, with additional offices in Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

Our Services