VietNamNet Bridge – Despite big losses, e-commerce firms area still continue to pump money into e-commerce websites. It’s still unclear when the tough days will end.
Tiki continues taking loss
The annual finance report of VNG showed that Tiki, its e-commerce website, incurred a loss of VND282 billion in 2017. If counting the loss of VND40 billion in 2016, the total loss in the last two years had reached VND322 billion.
Tiki, together with Lazada and Shopee, is among the websites which have a large share in the e-commerce market. Continue reading “Tiki continues taking losses, e-commerce firms ‘burning’ money”