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E-commerce platforms like Shopee, Tiki or Lazada will not have to file tax on vendors’ behalf and instead only provide authorities with their revenue and other details. Every quarter the platforms will need to submit vendor details including name, tax ID,…
South Korea’s Shinhan Financial Group said it has reached an agreement to acquire a 10 percent stake in Vietnam-based e-commerce company Tiki. The South Korean group said its two units, Shinhan Bank and Shinhan Card, will pick up 7.44 and 2.56 percent stakes…
E-commerce platforms reported a surge in sales on Singles’ Day on Nov. 11, an annual shopping event, with the most popular items being masks and healthcare products. Tiki said revenues were up nine times from last year, and the number of buyers was double…
E-commerce company Tiki raised $258 million in its latest funding round as it eyes a U.S. IPO. The Series E funding round was led by AIA Insurance, and included UBS AG London Branch, Mirae Asset-Naver Asia Growth Fund, and Taiwan Mobile Co. Tiki had planned…
Ninja Van, a Singaporean logistics startup and new ASEAN unicorn, is set to drive a broad strategy in Vietnam to benefit from the country’s strong e-logistics market growth. After successfully raising $578 million in Series E funding, Ninja Van has officially…
E-commerce platform Tiki has raised $20 million from telecom operator Taiwan Mobile in return for a 2.7 percent stake in Tiki Global. The Series E funding deal values the Vietnamese company at $740 million, with Tiki having secured $94 million in the series…
E-commerce platform Tiki has raised VND1 trillion (nearly $43.5 million) over the last three months by issuing corporate bonds. Issued from 16 March to June 13, the bonds are non-convertible with a fixed interest rate of 13 percent per annum, one of the…
Chinese discount retailer Miniso has opened more than 40 stores in Vietnam, four years since it launched in the market. Miniso entered Vietnam with its first store in Hanoi in 2016. Since then, the brand has been the local’s favorite destination for discount…
Vietnamese online marketplace Tiki has successfully raised US$130 million in its latest funding round led by Northstar Group. According to Deal Street Asia, the total value of the investment may increase by a further $20 million. Founded in 2003, Northstar…
In this financing round, its largest to date, Sendo has been backed by its existing investors including SBI Group, Beenos, SoftBank Ventures Asia, Daiwa PI Partners, and Digital Garage together with new investors such as EV Growth from Indonesia, and…
Giants Lazada and Tiki are racing to reduce their delivery times as competition heats up in Vietnam’s e-commerce market. Singapore-based Lazada Friday launched a 4-hour delivery service for flowers in Vietnam, a move in response to Vietnamese startup Tiki’s…
Ride-hailing giant Grab has followed Russian delivery firm Dostavista and local ride-hailing app Be to invest in express delivery services. The Singapore-based ride-hailing firm announced last week that it plans to invest $500 million in Vietnam over the next…
E-commerce platform Tiki’s losses have wiped out a total of VND506 billion ($22 million) gaming firm VNG had invested in it. As of June 2019, VNG had suffered a cumulative loss of $22 million of its 24.6 percent shareholding in Tiki, according to the gaming…
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…
Vietnamese e-commerce platform Tiki is raising another US$100 million from a Northstar Group-led funding round. The deal, was initially aiming for $75 million, but has been scaled up with support from Tiki’s current Korean backers, and may pull in as much as…
Shopee and Tiki maintained their positions as the two leading sites in terms of traffic in Vietnam’s e-commerce sector in the first quarter of this year. According to the latest figures from the Map of E-Commerce released recently by iPrice Group – a…
