Tiki

Don't Miss:

02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia03/11/2022

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, personal ID, address, phone number and revenue, according to a new decree. This means […]

CONTINUE READING

Retail Asia06/05/2022

Tiki.vn_.jpg

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 in Tiki, respectively. It has invested $90 million in the e-commerce player. […]

CONTINUE READING

Retail Asia15/11/2021

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 that on normal days. Face masks, products for babies and mothers, […]

CONTINUE READING

Retail Asia08/11/2021

Tiki.vn_.jpg

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 to list in the U.S. by 2025, but it now […]

CONTINUE READING

Retail Asia01/11/2021

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 become an ASEAN “unicorn,”.Dzung Phan, president of Ninja Van, said while revealing the startup’s […]

CONTINUE READING

Retail Asia17/08/2021

Tiki.vn_.jpg

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 […]

CONTINUE READING

Retail Asia28/06/2021

Tiki.vn_.jpg

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 highest rates in the local market. Over 97 percent of Tiki bonds’ […]

CONTINUE READING

Retail Asia15/09/2020

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 merchandise. Miniso now has more than 700,000 fans following its Facebook account. […]

CONTINUE READING

Retail Asia09/06/2020

Tiki.vn_.jpg

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 Group is a Singapore-based private equity firm, currently investing US$3 billion in more than 30 […]

CONTINUE READING

Retail Asia27/11/2019

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 Kasikornbank from Thailand. According to a statement, the funds will be used to expand the […]

CONTINUE READING

Retail Asia30/10/2019

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 2-hour delivery for a large number of products. Nguyen Ngoc Thang, head of express solutions at […]

CONTINUE READING

Retail Asia09/10/2019

Tiki.vn_.jpg

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 five years to expand its transport, food and payment networks. The money will also go towards developing […]

CONTINUE READING

Retail Asia09/10/2019

Tiki.vn_.jpg

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 firm’s recently released audited semi-annual financial statement. In accordance with […]

CONTINUE READING

Retail Asia21/08/2019

Tiki.vn_.jpg

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 ownership in the platform. VNG has invested US$22.4 million in Tiki over the past two years. Tiki Vietnam […]

CONTINUE READING

Retail Asia15/07/2019

Tiki.vn_.jpg

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 $150 million if certain KPIs are met. Tiki, which acquired competing platform Lazada last […]

CONTINUE READING

Retail Asia23/05/2019

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 meta-search website operating in seven countries across Southeast Asia, Shopee still held the dominant […]

CONTINUE READING

Retail Asia02/10/2018

The JD Thai JV with Central Group has been formally launched this week under the brand JD Central. “Our partnership with Central Group – a one-of-a-kind union between China’s biggest retailer and Thailand’s strongest retail player – will provide Thai customers with a truly world-class e-commerce experience and guarantee 100 per cent product authenticity,” said […]

CONTINUE READING

Retail Asia07/09/2018

In for the long haul, online retailers are willing to ignore losses, focusing on promotions to attract more customers. Hoang has recently been able to buy a few electronic items online at a mere VND500,000 ($20), a fraction of what they would have cost at regular stores. He has been doing most of his shopping […]

CONTINUE READING

Retail Asia18/07/2018

Vietnam’s e-commerce sector grew by more than 25 percent last year and can maintain this growth rate in the next two or three years, according to the Vietnam E-Commerce Association (VECOM). It says online sales is set to hit $10 billion by 2020, accounting for five percent of the country’s total retail sales. Yet the […]

CONTINUE READING

Retail Asia18/01/2018

jd.com-china-reuters-1223131-1024x636.jpg

Clashing head-on with manufacturers who sell through its platform, China’s JD.com has introduced its own brand, Jing Zao. Its initial 38 products range from towels to suitcases in similar style to Japan’s Muji or US luggage maker Samsonite, but at a lower price. Both companies sell their wares through JD.com. JD.com knows which products are […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X