CP Group-backed Ascend to acquire Chilindo.

CP Group-backed Ascend, a provider of e-commerce platform and services, agreed to acquire Chilindo, ­an e-commerce company with offices in Thailand. Financial terms were not disclosed. "Through the acquisition of Chilindo, Thailand will have its own e-commerce platform, which can be regarded as turning a crisis into an opportunity. This should accelerate the development of Thailand's digital economy, as well as stimulate the country's economy in time for the arrival of 5G technology," Suphachai Chearavanont, CP Group CEO.