Qoo10
Parent | Qoo10 Pte Ltd | |
Website |
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Qoo10 is a
History
Qoo10 was founded as a subsidiary of Qoo10 Pte. Ltd., in 2010 by Giosis Pte. Ltd.,[4] a joint venture between Gmarket founder Ku Young Bae and eBay.[5]
Gmarket was founded in South Korea in 2000 as a subsidiary of Interpark. In December 2007, Gmarket was established in Japan[citation needed]. Gmarket was next established in Singapore in December 2008.[citation needed]
In April 2009, Ku Young Bae sold Gmarket to eBay.[6][7][8]
In May 2010, Giosis Pte. Ltd. was established as a joint venture between Ku and eBay to further develop Singapore and Japan marketplaces, and expand in the region.[9][10][1]
In March and April 2011, Gmarket was established in Indonesia and Malaysia respectively.[citation needed] In September, Gmarket launched its global marketplace.[citation needed]
In May 2012, Gmarket was rebranded as Qoo10.[11]
In January 2013, Qoo10 was established in China.[citation needed]
In January 2015, Qoo10 was established in Hong Kong.[
In April 2018, eBay completed acquisition of Giosis Private Limited and its Japan properties, including Qoo10.jp [ja], which will operate independently from other Qoo10 sites.[15][16][17] eBay relinquished its stakes in Giosis' non-Japanese businesses, which moved under newly established parent company, Qoo10 Pvt. Ltd.
In October 2019, Qoo10 acquired ShopClues, an Indian e-commerce platform.[18]
Awards and recognition
- Qoo10 was named as the “Best Online Retailer” at AsiaOne’s People Choices Awards, 2015 & 2016.[19][20]
- In January 2016, Qoo10 was ranked 4th among 259 local and global brands with the most positive image, just after Singapore Airlines, Apple iPhone and WhatsApp.[21]
- In 2016, Qoo10 was voted “Best Electronics Shopping Portal” at Tech Awards 2016 organized by Singaporean tech magazine HWM and HardwareZone.[22]
- In 2017, CGS-CIMB and Euromonitor statistics figured Qoo10 Singapore captured 32.6% of market share in Singapore's e-commerce market.[3][23]
- Data insights from metasearch engine iPrice showed that Qoo10 consistently holds the top spot for monthly user website visits among e-commerce platforms in Singapore.[24][25]
References
- ^ a b "eBay and Gmarket Founder Plan Asia Expansion Through Joint Venture". www.ebayinc.com. May 6, 2010. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ "EBay Is Close to $700 Million Deal for Qoo10's Japan Assets". bloomberg.com. Bloomberg. Archived from the original on 2018-09-23. Retrieved 2018-09-22.
- ^ a b "Can Qoo10 maintain its dominance in Singapore's e-commerce market?". Singapore Business Review. June 14, 2018. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ "Company Overview of Giosis Pte. Ltd". bloomberg.com. Bloomberg. Archived from the original on 2018-09-22. Retrieved 2018-09-22.
- ^ "Singapore's biggest online mall Qoo10 fights Alibaba with blockchain". The Straits Times. 2019-04-03. Archived from the original on 2019-11-10. Retrieved 2019-11-10.
- ^ So-eui, Rhee (April 16, 2009). "EBay to buy S.Korea's Gmarket for up to $1.2 billion". Reuters. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ Shankland, Stephen (April 16, 2009). "eBay buying out Gmarket, as Yahoo exits". CNET. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ Kim, Hyun-cheol (April 16, 2009). "eBay to Take Over Gmarket for $1.2 Billion". The Korea Times. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ Bass, Dina (May 7, 2010). "EBay, Gmarket's Ku in Japan, Singapore Joint Venture". Bloomberg. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ Rao, Leena (May 6, 2010). "eBay Partners With Gmarket Founder For $20 Million Expansion Into Japan And Singapore". TechCrunch. Archived from the original on 2017-07-06. Retrieved September 19, 2018.
- ^ Wee, Willis (April 17, 2012). "Gmarket Singapore, Japan, Malaysia, and Indonesia to Rebrand to Qoo10". Tech in Asia. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ a b Karekar, Rupali (July 23, 2015). "SPH leads group investing $112m in Qoo10". The Straits Times. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ a b Freischlad, Nadine (July 22, 2015). "Ecommerce site Qoo10 locks up $82M in series A funding". Tech in Asia. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ a b Shu, Catherine (July 23, 2015). "Ebay-Backed, Asian E-Commerce Company Giosis Lands $82.1M Series A". TechCrunch. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
- ^ Dastin, Jeffrey (February 28, 2018). "EBay to buy Qoo10 Japan, other assets from Giosis". Reuters. Archived from the original on 2018-06-17. Retrieved September 19, 2018.
- ^ Smith, Jake (February 28, 2018). "eBay acquires Qoo10 Japan e-commerce platform | ZDNet". ZDNet. Archived from the original on 2018-03-03. Retrieved September 21, 2018.
- ^ "eBay completes Qoo10 acquisition". Inside Retail Asia. July 23, 2018. Archived from the original on 2018-09-23. Retrieved September 21, 2018.
- ^ "Singapore's Qoo10 acquires Indian online marketplace ShopClues". TechCrunch. 31 October 2019. Archived from the original on 2021-06-29. Retrieved 2019-11-01.
- ^ "Qoo10 named best online retailer at AsiaOne PCA 2015". AsiaOne Women. Archived from the original on July 16, 2016. Retrieved June 17, 2016.
- ^ "Agoda, POSB and Qoo10 among top winners at AsiaOne People's Choice Awards 2016". The Straits Times. April 21, 2016. Archived from the original on 2016-05-03. Retrieved September 19, 2018.
- ^ Lin, Melissa (January 15, 2016). "Singapore Airlines tops brand image survey". The Straits Times. Archived from the original on 2018-03-16. Retrieved September 19, 2018.
- ^ Krishna Moorthy, Prabu (February 25, 2016). "Qoo10 voted 'Best Electronics Shopping Portal' at Tech Awards 2016". AsiaOne Digital. Archived from the original on April 2, 2016. Retrieved September 19, 2018.
- ^ "Chart of the Day: Qoo10 beats Amazon and Apple in Singapore's e-commerce market". Singapore Business Review. June 4, 2018. Archived from the original on 2018-06-23. Retrieved September 19, 2018.
- ^ "The Map of E-commerce in Singapore". iprice.sg. Archived from the original on July 26, 2018. Retrieved September 19, 2018.
- ^ Shi Wei, Neo (April 23, 2018). "Qoo10 takes e-commerce fight to next level with bulked-up war chest". The Business Times. Archived from the original on 2018-07-12. Retrieved September 19, 2018.