Sumitomo takes part in Vietnam’s e-commerce market
(VOV) - Japan’s Sumitomo group will participate in e-commerce business in Vietnam and Malaysia, according to Nikkei Newspaper.
In the initial stage, Sumimoto group will sell food, household utensils and cosmetics mainly to young customers who like Japanese products.
To corner the Vietnamese market, the group has already bought a 30 percent share of a HCM City-based company specializing in buying and selling stationeries and clothes on the internet. It plans to increase the number of its items from 40,000 to 100,000 by 2015.
Together with Vietnam, Sumitomo has set up a branch to operate this December in Malaysia.