Vietnamese e-commerce firms Tiki, Sendo said to have agreed on merger

In what could be a major consolidation in the Vietnamese e-commerce space, JD.com-backed Tiki and SoftBank Ventures Asia-backed Sendo are said to have agreed to merge their businesses in an all-stock deal, according to multiple people privy to the matter.

“The discussion is serious, and shareholders are aligned,” one of the people mentioned above said.

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