Tiki raises $20 mln from Taiwanese investors

Aug 17, 2021Updated Aug 17, 20211 min read

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 within this month alone.

Before the Series E, foreign investors held a 49.4 percent stake in Tiki. The biggest shareholder among them is Chinese e-commerce giant JD.com with a 18.2 percent stake.

Tiki had recently raised VND1 trillion ($43.9 million) in bonds with a coupon rate of 13 percent a year.

The company posted a loss of VND4 billion last year.

As one of the fastest-growing digital economies in Southeast Asia, Vietnam’s e-commerce sector is expected to be worth $23 billion by 2025, according to the e-Conomy Southeast Asia 2019 report by Google, Temasek Holdings, and Bain & Company.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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