Lazada, Tiki locked in delivery speed race

International debt finance fund Innoven Capital has announced credit deals with e-commerce company Tiki and UP Co-working Space.

E-commerce platform Tiki’s losses have wiped out a total of VND506 billion ($22 million) gaming firm VNG had invested in it.

E-commerce firm Tiki has acquired ticketing startup Ticketbox to have a foot in Vietnam's entertainment industry as it seeks to attract more online shoppers.

China’s JD.com has overtaken gaming firm VNG Corp to become the largest shareholder of leading Vietnamese e-commerce platform Tiki.

Online shopping platform Lazada is struggling to gain users while Shopee and Tiki remain leaders as competition tightens in the e-commerce market.

Tiki is pouring money into warehousing and Lazada is live-streaming videos on social media as competition intensifies in Vietnam’s e-commerce market.

Tiki, which is locked in a fierce battle with other e-commerce giants, is looking at a new strategy to attract more customers: music videos.

Forbes' 30 Under 30 Asia list for 2019 includes Vietnamese entrepreneurs in investment, recruitment, marketing and e-commerce.

Online Black Friday retailers failed to enthuse customers with usual discounts, while brick and mortar stores saw heavy traffic.

Promoted by Alibaba in China for more than 10 years, Singles’ Day is now courting Vietnam with great fervor.

Vietnamese online gaming giant VNG has reported Jan-Sept 2018 profits of VND152 billion ($6.5 million), a 52 percent year-on-year slump.

In for the long haul, online retailers are willing to ignore losses, focusing on promotions to attract more customers.

Erik Frankel has perfectly timed a business that works with small Vietnamese businesses to reap the benefits of e-commerce.