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CP Group acquires Hong Kong-based Chilindo

Bangkok: Thailand’s conglomerate the Charoen Pokphand Group today announced that it will acquire Hong Kong-based e-commerce platform Chilindo for US$18 million via its digital arm Ascend Commerce, Reuters reported.

With the acquisition, it will complement its online marketplace WeMall to help develop Thailand’s ecommerce market during the pandemic, said chief executive Suphachai Chearavanont

Launched in 2013, Chilindo is a popular ecommerce auctions platform in Thailand that allows users to place bids and pay the price for products covering fashion and accessories, home and garden products, family and kids, electronics and gadgets, among others.

 

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