Thai unicorn Flash Express partners with AIF Group in Laos

E-commerce startup looks to expand later in Cambodia and Vietnam using Lao network

Thai e-commerce unicorn Flash Express is joining with AIF Group to develop Laos market. (Photo courtesy of the company)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

September 9, 2021 20:01 JST

BANGKOK -- Flash Express, an e-commerce startup and Thailand's sole unicorn at present, has entered a joint-venture with Lao conglomerate AIF Group to expand logistics in the fabled Land of a Thousand Elephants.

Flash Laos will start out in Vientiane, the Lao capital, serving the booming cross-border e-commerce with Thailand before expanding to other parts of the landlocked communist state, Flash Express Chief Executive Komsan Lee said on Thursday.