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Update news e-commerce
E-commerce and fintechs accounted for four-fifths of the total number of big calls for capital in 2019. The biggest deal was worth $300 million.
If Tiki and Sendo successfully carry out the merger, the Vietnamese e-commerce market will be the playing field for three major players. Two of them, Lazada and Shopee, are foreign invested.
Many local SMEs have seen exports surge after teaming up with global e-commerce platforms.
While many industries have suffered from Covid-19 epidemic, taxi drivers and shippers are earning more money.
An expected co-operation deal between Tiki and Sendo has surprised the merger and acquisition arena in Vietnam, coming hot off the heels of the announced partnership between Vingroup and Masan late last year.
Delivery units operating under the franchise mode have been expanding thanks to the strong development of e-commerce.
Tiki and Sendo may be in talks over a potential merger to break the dominance of Shopee and Lazada and their foreign backers.
The digital sector is expected to contribute 30% to Vietnam's economy by 2030.
Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported.
The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels.
A lot of events happened in 2019, including merger and acquisitions (M&As). Meanwhile, some e-commerce websites stopped their operation.
Many combatants have become exhausted on the e-commerce battlefield as they have had to fight against competitors who have big money.
More and more players have joined the e-wallet sector, but all of them understand that they cannot expect big profits at this moment.
The draft decree to replace Decree 101 on non-cash payments stipulates that telecom network operators can provide payment services and that users can be identified with phone numbers.
Small e-commerce trading floors are going their own way to find their places in the market amid bigger players.
Successfully calling for capital from international investors, e-commerce firms are nevertheless taking losses.
Some manufacturing enterprises are concerned about the possibility that goods will disappear from traditional distribution channels and will have to switch to online retail.
The Ministry of Industry and Trade (MoIT) on December 18 launched three websites to fight counterfeit goods and help consumers resolve e-commerce disputes.
Avoiding direct confrontation with big players such as Shopee, Tiki and Lazada, many startups in the e-commerce sector are trying to conquer niche markets.
The application of new technologies - artificial intelligence, big data, cloud computing and Internet of Things - is taking place across the globe.