China’s second largest e-commerce platform bets big on emerging middle-class consumption in Southeast Asia.
September 15, 2017
‘Thailand’s retail giant Central Group and China’s second-largest online shopping site operator JD.com have signed a deal to set up e-commerce and fintech joint ventures in Thailand.
With a combined investment of $500 million, Central hopes the expertise of JD.com will help boost its presence in Thailand’s developing e-commerce market, while JD.com sees the tie-up as a step to further expand into Southeast Asia.’