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Brief: JD eyes Thailand after supposedly missing out on Tokopedia deal


JD delivery drones like this one could soon be flying in Thai skies. Photo credit: JD.

The news (extracted from Reuters):

  • China’s JD is in advanced talks with Thailand’s Central Group to launch an ecommerce joint venture in Thailand with a planned total investment of US$500 million, people familiar with the matter told Reuters.
  • JD CEO Richard Liu earlier told Reuters that the company plans to enter Thailand later this year and use the kingdom as a hub to service other countries in the region such as Vietnam and Malaysia.
  • Almost all of JD’s current investments outside China are in Indonesia, where it is a part-owner of Traveloka, the country’s largest online travel site.

Why it matters:

This post Brief: JD eyes Thailand after supposedly missing out on Tokopedia deal appeared first on Tech in Asia.



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