Cat Dong Service Trading Joint Stock Company and Japan’s Scroll Corporation unite for e-commerce operations in Viet Nam, with the latter buying a 26.9 per cent stake in the Vietnamese firm. — VNS Photo Thu Ngan
Cat Dong Service Trading Joint Stock Company on Monday reported that it had sold a 26.9 per cent stake to Japanese online marketer Scroll Corporation.
But it did not disclose the value of the deal.
On Monday the two companies signed an agreement to jointly develop e-commerce and tourism and provide e-commerce development solutions.
Under the deal, they will maximise their management resources and strengths in various fields ranging from sales to e-commerce solutions and travel operations. Cat Dong will sell Japanese products provided by Scroll on its websites like CungMua.com, NhomMua.com and Shipto.vn.
Furthermore, tours to Japan operated by Scroll will be sold on these websites.
The two sides will together offer solutions in e-trading, logistics, warehousing and business expansion.
Cat Dong, launched in 2010 as a website selling vouchers, owns multiple e-commerce websites, provides e-commerce solutions related to logistics, freight and online marketing.
It acquired NhomMua.com in 2014 and last year started partnering all major e-commerce platforms in Viet Nam.
Scroll is a Japanese e-commerce company trading fashion goods, cosmetics and dietary supplements. — VNS