V-MORE announces planned Thailand expansion

Retail Tech Innovation editors
18 Mar 2019
00:00

V-MORE, an e-commerce supply chain management platform, has revealed its intention of expanding into Thailand.

V-MORE aims to recruit new Thai e-commerce merchants as part of its expansion strategy and has rolled out onboarding programs for new merchants and users.

V-MORE is a one-stop marketplace where consumers can shop and be rewarded at over 500 marketplace and shopping sites including leading online brands, hotel and flight booking sites, technology as well as food and beverages merchants. Thai merchants can participate in its e-commerce program and increase their exports to other countries in Asia and beyond.

"We are pursuing a plan of expansion and hope to achieve revenue growth through mass adoption by users and merchants in our ecosystem. Thailand is fast becoming the leading e-commerce market, and we seek to increase our user and merchant base through user incentive programs, brand awareness and marketing programs," said Sir Eldee Tang, CEO and Founder of Noble Vici Group.

According to research, there are more than 57 million internet users in Thailand who are well-versed with digital technologies, mobile and e-commerce. The market is valued at $3.5 billion and is expected to generate revenue growth rate of 13.2% annually, reaching $5.8 billion by 2022.

"We look forward to new local merchants to come on board our platform and welcome sellers and buyers to experience the online marketplace for the first time," Eldee added.

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