Shinhan Financial Group to acquire 10% stake in Tiki.

Shinhan Financial Group, a financial services company, agreed to acquire 10% stake in Tiki, an e-commerce platform. Financial terms were not disclosed. "By forming a strategic alliance with Tiki, Shinhan will diversify its customer base, upgrade credit evaluation systems based on non-financial information, and cope better with the digital environment. Based on Shinhan’s financial expertise and Tiki’s database in a broad range of areas, we are expecting to build a new converged digital ecosystem in Vietnam,” Shinhan.