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CSAFE Global


Fuel a more sustainable future

BEIJING: January 15, 2018. JD.com, China's largest retailer, is to become a major shareholder in Vietnam's B2C e-commerce platform Tiki.com following the completion of Tiki's Series C round of financing.

The company said it will partner with Tiki in merchandising, cross-border trade, logistics and fulfillment, technology, financing, and operations.

Macron and LiuJD launched its Indonesia business in 2015 and recently partnered with Thai conglomerate Central Group to enter the Thai market.

Following a visit by French president Emmanuel Macron to China this month, JD said it plans to sell €2 billion of French goods to Chinese consumers over the next two years and to purchase advanced sorting technology worth €100 million from the French industrial engineering Fives Group.

Fives has been assigned by the French Government to lead its 'Industry of Future' and Made in China 2025' plans and its technology will be used in JD's automated Asia No.1 warehouse network in China.

JD said it will work with Business France, France's official trade promotion agency, to reach the €2 billion sales target by building a "one-stop shop" solution for French brands and retailers and offer education and training programs about the Chinese eCommerce market to senior French executives.

Future collaboration is expected to include logistics support in France to deliver goods to JD customers in China.

In 2017, sales of fresh food from France on JD.com increased 640 percent year-on-year and French brands - including Château Lafite wines - on its cross-border eCommerce platform JD Worldwide increased sales by nearly 200 percent in the same period.

Pictured: French president Emmanuel Macron and JD chairman Richard Liu.

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