Amazon, Alibaba entry into Vietnam shakes up marketVietNamNet Bridge - The news that Amazon, the world’s biggest online retailer, is arriving in March has stirred up the retail community. Tiki has received hefty invetsmentAlibaba’s network has a strong position in South East Asia, having increased its ownership ratio from 51 percent to 83 percent in Lazada. Amazon, the world’s leading e-commerce player, is planning to enter the Vietnamese market. Amazon has never spent such a big amount of money on a takeover deal.Analysts believe the competition will be stiff when Amazon begins operating in Vietnam. These include familiar names such as The Gioi Di Dong, Sendo, Tiki, Vat Gia, FPT Shop, Dien May Xanh, Adayroi and Nguyen Kim.

Source: VietNamNet News March 15, 2018 05:03 UTC