HONG KONG–Chinese ecommerce giant JD.com is set to increase its stake in Vietnamese ecommerce portal Tiki, the firm said Tuesday, positioning itself to capture one of the world’s fastest growing online markets. The size of the funding was undisclosed but if the deal is approved JD.com will become one of Tiki’s largest shareholder, following a reported $44 million injection into the site last November.
Southeast Asia is a key area of growth for ecommerce players. JD.com launched its Indonesia business in 2015 and formed its joint venture with Central Group in Thailand last September. Central Group has a considerable portfolio in Vietnam including the Zalora Vietnam business although most of its other assets are brick-and-mortar retail. JD.com’s biggest rival, Alibaba Group, has a majority stake in Lazada, which operates throughout the region.
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018