YKVN advised leading Chinese online retailer in largest foreign investment in a Vietnamese tech startup
YKVN recently advised JD.com in the acquisition of a significant stake in Tiki, a successful Vietnamese B2C (Business to Consumer) e-commerce company. JD.com is China’s largest e-commerce retailer by revenue. This was the latest move by JD.com to expand its presence in Southeast Asia, and to dominate the growing e-commerce business in the region. This was also believed to be the largest foreign investment in a Vietnamese startup. Relying on its substantial expertise and experience with other significant deals in the technology field, YKVN advised JD.com on complex regulatory and legal matters such as share subscription, foreign ownership limitation, forex control, rights of strategic shareholders, as well as other issues relating to the market entry by a foreign investor in a B2C e-commerce company. YKVN also worked closely with Tiki’s counsel, a leading international law firm, on the future cooperation between Tiki and JD.com in strategic business matters such as merchandising, cross-border trade, technology, financing, and logistics.
Vu Dzung, YKVN’s partner in charge of this deal, stated “my team and I are very proud to have used our significant expertise to assist JD.com in its historic entry in the growing and promising e-commerce business in Vietnam. YKVN looks forward to representing other technology leaders in future complex Vietnam-related deals.”