Vietnam’s fast-growing eCommerce market

Vietnam is among the most attractive eCommerce markets in the area for financiers. With an explosive 33% intensified yearly development rate (CAGR) over the previous two years, Vietnam ranks high amongst the fastest-growing eCommerce markets in the region.Frost & Sullivan anticipated that the eCommerce market in Vietnam will reach a value of $3.7 billion by 2030. The year 2017 alone was a prospering year for Vietnam’s eCommerce market with millions of dollars in financial investment capital put in from foreign investors.To check out the financial investment landscape in Vietnam,

iPrice has collaborated with Cento Ventures to analyze the pattern of eCommerce financial investment in Vietnam. The report exposed the following findings about Vietnam’s eCommerce scene: The big 6 behind Vietnam’s eCommerce funding The biggest financiers in Vietnam’s eCommerce market include tech giants, equity capital companies and financial investment companies such as Alibaba, Tencent, Temasek Holdings, Dragon Capital, CyberAgent Ventures and IDG Ventures Vietnam. Alibaba, Tencent, and Temasek began investing in Vietnam’s eCommerce market only recently, while both

Dragon Capital and IDG Ventures Vietnam have actually been seeding financial investments because the early, owned by Tencent, the biggest Internet business in China, recently completed its massive investment in and became the biggest shareholder of Tiki in January 2018. The exact figures were not divulged by both parties, local media approximated it to be$44 million.Besides, Tencent also broadened its stake in Vietnam’s biggest digital material company and the only billion-dollar startup in Vietnam-VNG. The quantity of investment is confidential

, but inning accordance with a reliable news source, Tencent is now VNG’s largest foreign shareholder.In addition, Singapore-based Sea Limited( Garena) has actually entered the Vietnamese market through Shopee, the mobile-first marketplace platform. The largest investor of Sea Limited, which operates Shopee, is likewise Tencent.Lazada is backed by two giants– Alibaba, the Chinese multinational eCommerce and technology corporation, and Temasek Holdings, the worldwide investment firm owned by the federal government of Singapore.In November 2014, Lazada made a financing announcement worth$249 million from Temasek Holdings. In June 2017, China’s Alibaba invested$1 billion in Lazada and increased its total stake to 83 %. Prior to buying Lazada, Temasek likewise purchased FPT Corporation, a web

corporation which owns Sendo and FPT Store. Since July 2018, Sendo has actually become one of the most popular eCommerce websites in Vietnam in terms of web traffic, according to SimilarWeb.

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