V-MORE Enters Thailand’s E-Commerce Market With More Than 500 Marketplace Platforms and Merchants

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V-MORE, Asia’s leading e-commerce supply chain management platform, has announced its plans to expand into Thailand. Over the pasts 12 months, the fast-growing one-stop e-commerce platform which has already garnered 500,000 users in the region. V-MORE aims to recruit new Thai e-commerce merchants as part of its expansion strategy and has rolled out onboarding programs for new merchants and users.
“We are pursuing a plan of expansion and hope to achieve revenue growth through mass adoption by users and merchants in our ecosystem. Thailand is fast becoming the leading e-commerce market, and we seek to increase our user and merchant base through user incentive programs, brand awareness and marketing programs,” said Sir Eldee Tang, CEO and Founder of Noble Vici Group.
V-MORE is a one-stop marketplace for high quality products which are value for money. Its unique shop, save and earn program has gained the trust of many online shoppers. Through V-MORE, consumers can shop and be rewarded at over 500 marketplace and shopping sites including leading online brands, hotel and flight booking sites, technology as well as food and beverages merchants. Thai merchants can participate in its e-commerce program and increase their exports to other countries in Asia and beyond.
According to research, there are more than 57 million internet users in Thailand who are well-versed with digital technologies, mobile and e-commerce. The market is valued at USD 3.5 billion and is expected to generate revenue growth rate of 13.2% annually, reaching USD 5.8 billion by 2022.
“We look forward to new local merchants to come on board our platform and welcome sellers and buyers to experience the online marketplace for the first time,” Eldee added.
Questions & Answers
Q.What is the primary objective of V-MORE's expansion into Thailand?
What is the primary objective of V-MORE's expansion into Thailand?
V-MORE aims to recruit new Thai e-commerce merchants and increase its user and merchant base in the region. This is part of a strategy to achieve revenue growth through mass adoption by users and merchants in its ecosystem.
Q.How does V-MORE intend to attract new users and merchants in Thailand?
How does V-MORE intend to attract new users and merchants in Thailand?
V-MORE plans to attract new users and merchants through user incentive programs, brand awareness campaigns, and marketing initiatives. They are also rolling out onboarding programs specifically for new merchants and users.
Q.What benefits can Thai merchants expect by joining the V-MORE platform?
What benefits can Thai merchants expect by joining the V-MORE platform?
Thai merchants can participate in V-MORE's e-commerce program to potentially increase their exports to other countries in Asia and beyond. The platform offers a one-stop marketplace for high-quality, value-for-money products.
Q.What is the projected value and growth rate of Thailand's e-commerce market?
What is the projected value and growth rate of Thailand's e-commerce market?
Thailand's e-commerce market is currently valued at USD 3.5 billion. It is expected to generate an annual revenue growth rate of 13.2%, reaching a projected value of USD 5.8 billion by the year 2022.
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