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JD.com and Thai retailer Central Group will jointly invest on e-commerce and fintech

Sep, 18, 2023 Hi-network.com
China's second biggest e-commerce company, JD.com, and Thai retailer, Central Group, will jointly invest$500 million to establish two joint ventures in Thailand covering e-commerce and fintech services. JD.com will provide technology, e-commerce and logistics support to the e-commerce joint venture and provide its knowledge in financial technology sector to the fintech services joint venture. Central Group will open multiple flagship stores on the e-commerce platform for its department stores and key retail chains, as well as for select brands owned or operated by Central Group.

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