This is the first-ever acquisition by private equity-backed e-commerce marketplace Tiki.
In 2016, the startup had raised $1 million from individual investors.
The firm is yet to start offering car ride-hailing service in Vietnam.
Policy & Regulations
The government is likely to shift the traditional sovereign surveillance to a more innovative approach towards the digital economy.
Taiwan's Foxconn has acquired Vietnam’s electronic component manufacturer Competition Team Technology for $25.10 million.
Vietnam has been tightening internet rules over the last few years, culminating in a cybersecurity law which came into effect in January.
The sale will include up to 35% stakes in Agribank as well as Vietnam National Coal–Mineral Industries Holding Corp, the country's largest coal mine
To date, the startup has provided its technology services to over 100 bus operators.
The development comes barely a month after the Hanoi-based company clinched a strategic investment from Samsung SDS.
The transport ministry has proposed that ride-hailing cars have a fixed reflective decal bearing the phrase "contracted car" on the right side of thei
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