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Asia Pacific: DKSH expands ecommerce footprint in China

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DKSH has bought 51% stake of Shanghai-based eSweets, which the latter employs 55 specialists, primarily in marketing and sales related functions.

DKSH has the option to purchase the remaining 49% within the next two years.

Both parties have agreed not to disclose any financial details of the transaction.

eSweets was founded in 2007 and is a fast-growing distributor of premium consumer goods in China.

The company focuses on e-commerce for brands in the premium segment such as Lindt, Storck, Bahlsen, Barilla, Illy Coffee or the popular chocolate truffles De Fei Si.

By taking a majority stake in eSweets, DKSH further drives the strategic expansion of its e-commerce activities.

At the end of 2015, DKSH invested in aCommerce, an ecommerce solutions provider in Southeast Asia.