Central Group, JD.com announce $500m JVs in Thailand

Image from Central Pattana's website

Thailand’s largest retail conglomerate Central Group has teamed up with China’s largest retailer JD.com and Provident Capital to establish two joint ventures in Thailand with an aggregate investment of up to $500 million.

Under the agreement, half of the investment will come from Central Group and the remainder from JD.com, its finance arm JD Finance and Provident Capital, which is also JD.com’s strategic partner for its Indonesian e-commerce business.

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