Tiki continues taking losses, e-commerce firms ‘burning’ moneyVietNamNet Bridge - Despite big losses, e-commerce firms area still continue to pump money into e-commerce websites. Tiki continues taking lossThe annual finance report of VNG showed that Tiki, its e-commerce website, incurred a loss of VND282 billion in 2017. Tiki, together with Lazada and Shopee, is among the websites which have a large share in the e-commerce market. According to the Vietnam E-commerce Association (Vecom), the e-commerce market grew by 25 percent in 2017, and the high growth rate would be maintained through 2020. US$1=VND22,000RELATED NEWSLocal e-commerce market now a playing field for Chinese businessesE-commerce market: big players follow hard on each other’s heelsTran Thuy

Source: VietNamNet News May 31, 2018 06:11 UTC