TIẾNG VIỆT Temasek to invest in Vietnamese logistics firm Scommerce: DealStreetAsia
Nguyen Thi Bich Ngoc, Kristie Neo
Friday | 10/25/2019 16:02
Photo courtesy of Scommerce
Singapore state investor Temasek is understood to have invested in Vietnam-based logistics platform Scommerce, a logistics arm of new-retail company Seedcom.
According to two sources familiar with the development, Temasek has injected around $100 million in the Vietnamese company.
The deal value has not been confirmed. Temasek did not comment on market speculation. Scommerce declined to comment for this story.
Scommerce was fond in 2012 as GHN Express, a last-mile delivery service. In 2014, the company’s service expanded to 70 cities. Two years later, it launched Ahamove and later GHN Logistics.
Seedcom, Scommerce’s parent company, is a new retail company engaged in three key businesses, namely food and beverages, fashion and digital commerce management.
Source: DealStreetAsia
