Malaysian social commerce startup AVANA inks JV with Chailease to expand to Taiwan

Malaysian social commerce startup AVANA inks JV with Chailease to expand to Taiwan

Taipei City, Taiwan. Photo by Tom Ritson on Unsplash

Malaysian social commerce enabler AVANA has signed a joint venture agreement with publicly-listed Taiwanese SME-focused financial institution Chailease to expand its operation into the East Asian country.

The JV follows an investment Chailease made in AVANA in late 2019. Both parties declined to disclose the financial details of the equity investment and JV.

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