E-commerce website Tiki.vn inked early this week a strategic partnership with Japanese corporation Sumitomo.
HCM CITY (Biz Hub)— E-commerce website Tiki.vn inked early this week a strategic partnership with Japanese corporation Sumitomo.
A strategic partner of Tiki, the Japanese corporation will own a 30 per cent stake in the Vietnamese e-commerce website, which started by selling books, but now trades in a great variety of products from fashion to electronics.
The deal is a series B round of funding for Tiki, which secured series A funding from the Japanese investment fund CyberAgent Ventures in 2012.
The funding from Sumitomo will help Tiki.vn, in a bid to better serve its customers countrywide, boost investment in their warehouses, delivery network, as well as research and development on new products, the company said in a press release.-VNS
Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Several growth drivers are in place to help Việt Nam achieve its GDP growth rate goal of 6.5-7 per cent next year, but rapid and strong international fluctuations remain challenges to watch out for.
The northern province of Thái Nguyên has implemented many policies to support local businesses in maximising the potential benefits of the UKVFTA, opening up multiple opportunities for exports to the UK.
