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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 Wilt Chamberlain 76ers Jersey , Tiki.vn, as part of its overseas expansion initiatives.
JD and another existing shareholder, VNG Corporation, 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 Timothe Luwawu 76ers Jersey , but has since diversified to include more physical goods such as toys, 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," said Winston Cheng Tiago Splitter 76ers Jersey , 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,” he said in the statement.
JD will also leverage off Tiki's warehousing and delivery systems, as well as its technology and payment capabilities.
JD aims to build more solid ground for its long-term expansion in overseas markets following its launch of a local online retail business in Indonesia in 2015. The e-commerce giant has been pushing forward tie-ups with domestic and overseas partners, and deals with Farfetch and Vipshop in the past year testifies its ambition to broaden product and service offerings to catch up with leader Alibaba.
E-commerce giants are ambitious in their Southeast Asian expansion plans. Alibaba has invested heavily in payment and e-commerce ventures in Thailand Robert Covington 76ers Jersey , Singapore, Indonesia and Malaysia.
Alibaba-backed Lazada also has a strong presence in Southeast Asia, especially in Malaysia, Singapore and Indonesia, while Amazon launched its subscription member service in Singapore.
BEIJING Nik Stauskas 76ers Jersey , Aug. 21 (Xinhua) -- China's Ministry of Commerce (MOC) said Monday the country will take ""all appropriate measures"" to defend its legal interests in response to a U.S. trade investigation that has aroused tension between the world's two largest economies.
Without specifying those measures, an MOC spokesperson said China will keep an eye on the investigation in a statement.
U.S. Trade Representative Robert Lighthizer Friday formally initiated an investigation into China's intellectual property (IP) practices under a rarely used trade law, despite worries about potential harm to China-U.S. trade ties.
Section 301, once heavily used in the 1980s and the early 1990s, allows the United States to unilaterally impose tariffs or other trade restrictions on foreign countries. But the country has rarely used the outdated trade tool since the World Trade Organization (WTO) came into being in 1995.
The spokesperson called the move ""irresponsible"" as it was based on domestic law and defied WTO rules Moses Malone 76ers Jersey , and U.S. criticism of China's IP protection was ""not objective.""
""China is strongly discontented about such unilateral, protectionist practice,"" said the spokesperson.
Since the historic meeting between the presidents of both countries in April, the two sides have made solid progress, and the launch of the investigation sent a wrong signal to the world Maurice Cheeks 76ers Jersey , the spokesperson said.
The spokesperson called for the United States to make joint efforts with China to promote economic cooperation under the one-year plan and to strive to obtain bigger results.
""We urge the United States to respect facts, respect wishes from businesses of both countries for cooperation, respect multilateral rules, and act with prudence,"" the spokesperson said.
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TURKU, Finland Justin Anderson 76ers Jersey , Aug. 19 (Xinhua) -- While Finnish political leaders called for restraint as the investigation into the motives of the Turku stabbings continued, tension increased on Saturday afternoon when different groups of people expressed sorrow for the deceased.
The nationalist anti-immigration organization Finland First set up their displays at the market square and was planning a march from the square to another square some 400 meters away, both the scene of the stabbings on Friday.
However, a counter demonstration against racism was staged near them. To avoid possible clashes, the police transferred the counter demonstrators further away from the Finland First tent.
Earlier Julius Erving 76ers Jersey , people of Iraqi and Syrian origin called for a demonstration at the market place in the spirit of solidarity with Finland.
The demonstration was called off when the organizers heard the nationalists would be there as well. But some 200 people showed up anyhow. Their message was condemnation of the violence.
Paula Risikko, Minister of the Interior, was asked during a press conference in Helsinki to comment on the Finland First protest. She said in Finland everyone has the right to express opinions, but added she condemns racism.
Xinhua reporters could see dozens of young people holding posters carrying slogans such as ""My Turku is international"" and ""No racism in streets"". They chanted ""no room for racism"" with defiant hand gestures.
Some 50 meters away were dozens of mourners gathering around.