Sendo.vn

Sendo Joint Stock Company is a Vietnamese e-commerce retailer and online commerce platform. It is a subsidiary of Vietnamese software conglomerate FPT Corporation.[1] It is currently the second largest e-commerce site in Vietnam behind market leader Lazada, a German-owned company that in addition to Vietnam, operates in several other countries across Southeast Asia.

Notable acquisitions

On July 7, 2014, Sendo acquired its rival, a Vietnamese e-commerce pioneer 123 Mua[2] from consumer technology company VNG Corporation[3] for VND10 billion ($469,500). 123 Mua's customer base reportedly included 30 million online shoppers. 34 million out of the Vietnam's 90-million population use the Internet.[4] As of May 2015, 123 Mua (translated from Vietnamese as "123 buy") continues to operate as a separate website at 123mua.vn.

Investments

2014 Investment Round

In December 2014, three prominent Japanese companies, SBI Holdings, Econtext Asia and BEENOS, jointly signed a series A funding agreement with Sendo. The investment deal transferred a 33 percent stake in Sendo JSC to the Japanese enterprises while FPT retained the remaining 67 percent. The amount of the deal was not disclosed.[5]

References

External links

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