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SK Telecom Co., South Korea’s largest mobile carrier, said Monday it is partnering with Amazon.com, Inc. to allow South Koreans to have easier access to products on the U.S. e-commerce giant’s platform. The carrier said users of its e-commerce unit 11Street…
All eyes are on Southeast Asia as the world’s next consumer powerhouse, with its young population and increasing purchasing power. Almost 280 million centennials – those born since 1995, also known as Generation Z, currently call this region home. While the…
Lazada, Shopee and 11Street have been ranked the top three companies in terms of the most visited website in Malaysia in the second quarter (Q2) of 2018, according to iPrice Group’s Map of E-Commerce (MoE) list. Based in KL, iPrice Group is a privately owned…
Online marketplace 11street Malaysia is being overhauled following a partnership with PUC Ventures. The e-commerce retailer says the changes will enhance the user experience and further contribute to the Malaysian digital economy. The revamp will involve…
South Korean mobile carrier SK Telecom has announced a US$449 million investment into a subsidiary’s e-commerce platform, 11Street Shopping Mall. In a decision yet to be approved by shareholders, SK will use the investment, sourced from the H&Q Korea private…
Malaysian investment holding company PUC will invest RM90 million (US$23 million) in Celcom Planet (CPSB), which owns and runs e-commerce platform 11Street Malaysia. PUC, which provides integrated media, e-commerce and technology services, says the deal will…
To technology, retailers have and are moving out from brick-and-mortar stores to join the cyber world. As a result, street retail sales are accelerating on the Internet, offering shoppers better deals because they do not have to worry about the overhead…
Buyers have become more price sensitive and less loyal to the online platforms in a trend that has prompted an intense “pricing game”, the event heard. Consumers are switching over to the e-commerce operators that offer better promotions and prices. The…
Thai home-shopping retailer True Shopping has launched an online store on marketplace 11street. To mark its sixth anniversary, True Shopping and 11street are running a promotion this month with discounts and bonus coupons. “One of our key strategies for next…
Alibaba Group and JD.com are both competing to try to take over e-commerce company 11street Malaysia, a partnership between Celcom Axiata and Korea’s SK Planet, called Celcom Planet. The Chinese rivals are both discussing deals with 11street Malaysia. Running…
Korean-owned 11street may be exiting Indonesia, but the e-commerce platform remains bullish about its opportunities in Thailand. Yun Chang-sung, 11street Thailand VP of sales, says the company is working towards being the largest e-commerce player in the…
Just days after its parent company announced an exit from Indonesia, 11street Malaysia says it is confident of its long-term growth prospects. 11street is effectively the online business unit of giant Korean telco SK Telecom, which last week said it was…
Korean-headquartered online marketplace 11street has launched in Thailand. Parent company SK Planet says 11street Thailand is the first Korean-owned eCommerce marketplace to open in the Southeast Asian nation. An opening ceremony was held at Bangkok’s…
The South Korean e-commerce leader 11street has opened an online marketplace in Thailand during the festive season to capitalise on rapid growth in online shopping. The wholly owned subsidiary of the mobile operator SK Telecom aims to become Thailand’s…
Japan’s e-commerce giant Rakuten Inc. has opened an online flagship store on 11STREET, one of South Korea’s leading online marketplaces. It said store aims to provide South Korean consumers with popular Japanese merchandise and will feature a variety of…
South Korean retailers are capitalizing on the explosive popularity of Nintendo’s augmented-reality mobile game “Pokemon Go” with new products and services targeting local Pokemon game enthusiasts and fans. From a sudden rise in consumer spending at select…
