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Thailand's Central Group expects online surge through pact with JD

It is targeting annual revenue growth of 13% in 2018 based on its five-year strategy plan

Published Mon, Jan 8, 2018 · 09:50 PM

Bangkok

THE company with the biggest grip on Thailand's brick-and-mortar retail market is expecting a partnership with China's JD.com to help it do the same in online sales.

Central Group, which controls Thailand's biggest operator of shopping malls and department stores, expects online sales to account for as much as 15 per cent of its revenue in five years, from 2 per cent now.