Nikkei Asian Review – Central Group, JD.com to pour $500m into JVs in Thailand

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.’

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