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China's second largest e-commerce giant JD said it has increased its investment to become one of the biggest shareholders in Vietnam-headquartered e-commerce platform cheap air max 90 , Tiki.vn, as part of its overseas expansion initiatives.


JD and another existing shareholder, VNG Corporation cheap air max china , both participated in the latest fund-raising for Tiki, while its previous investors include Japanese investors Sumitomo Corporation and CyberAgent Ventures.


This follows JD's US$44 million investment in the platform in November last year.


Tiki was founded in 2010 and started out as an online book seller, but has since diversified to include more physical goods such as toys cheap air max for sale , digital devices, lifestyle and beauty products.


""JD will push forward collaboration with VNG in terms of social network and mobile payments, and we'll continue to share with Tiki our experience in pushing forward social commerce cheap nike air max ,"" said Winston Cheng, president of JD's international business.


“With JD’s expertise in leveraging social media for e-commerce, Tiki.vn’s partnership with VNG in social network and mobile payments is a natural fit cheap air max ,” he said in the statement.


JD will also leverage off Tiki's warehousing and delivery systems, as well as its technology and payment capabilities.


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