UPDATE -- Boxed and AEON Sign Memorandum of Understanding to Expand Partnership, Launch Software & Services in Vietnam
July 07 2022 - 9:19AM
Boxed, Inc. (“Boxed” or the “Company”), an online platform which
sells household consumables in bulk and licenses its e-commerce
software to enterprise retailers, and AEON CO LTD (“AEON”), one of
the largest retailers in Asia, today announced a signed Memorandum
of Understanding (MoU) with AEON’s affiliate, AEON Vietnam Company
Limited, launching Boxed’s end-to-end software and services
platform in the Vietnamese market.
In September of 2021,
Boxed and AEON launched a partnership to use Boxed’s proprietary
e-commerce technology to power AEON digital capabilities in the
Malaysian market. Following successful implementation in Malaysia,
Boxed and AEON will be officially expanding their partnership into
Vietnam and will continue to explore expanding into additional
markets. Utilizing Boxed’s technology will be critical in
supporting AEON’s initiatives in developing its e-commerce and
omnichannel capabilities throughout Vietnam.
“We are excited to build
on the execution of our proprietary software & services
platform by expanding our partnership with AEON into Vietnam,” said
Jared Yaman, Co-founder and COO of Boxed. “This will be our first
implementation not in English, further demonstrating our ability to
execute in international markets.”
In addition to Malaysia,
and now Vietnam, Boxed and AEON will continue to explore
partnerships and opportunities throughout Southeast Asia.
“AEON has been a great
partner for us in Malaysia, and we are beyond excited to replicate
our e-commerce synergy in such a dynamic, growing economy as
Vietnam, and potentially other strategic markets in the near
future,” said Chieh Huang, CEO of Boxed.
About BoxedBoxed is an e-commerce retailer and
an e-commerce enabler. The Company operates an e-commerce retail
service that provides bulk pantry consumables to businesses and
household customers, without the requirement of a “big-box” store
membership. This service is powered by the Company’s own
purpose-built storefront, marketplace, analytics, fulfillment,
advertising, and robotics technologies. Boxed further enables
e-commerce through its Software & Services business, which
offers customers in need of an enterprise-level e-commerce platform
access to its end-to-end technology. The Company has developed a
powerful, unique brand, known for doing right by its customers,
employees and society. For more information visit
www.boxed.com.
Media Contact
Dave Taftdave@boxed.com(732) 895-8238
Boxed (NYSE:BOXD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Boxed (NYSE:BOXD)
Historical Stock Chart
From Apr 2023 to Apr 2024