Japan's Scroll acquires nearly 27% of Vietnamese e-commerce firm Cat Dong

Photo by Chang Duong on Unsplash

Japan-based Scroll Corporation has acquired a 26.9 per cent stake in Cat Dong Trade and Service JSC, which owns e-commerce sites Cungmua.com and Nhommua.com, for an undisclosed sum.

The stake sale is part of an agreement signed by the two companies to collaborate in the areas of e-commerce and tourism that will see Cat Dong sell Japanese products on its websites.

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