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…
Samsung Electronics Southeast Asia and Oceania has signed a memorandum of understanding with global platform innovator SK Planet on an eCommerce partnership in Southeast Asia. Signed in Singapore, the deal aims to promote Samsung’s brand presence and provide…
Three Indonesian eCommerce platforms are about to be launched – by Astra Graphia, CT Corp and a joint venture formed by the Salim and Lotte Groups. This comes after forays into eCommerce in the past 12 months by such Indonesian conglomerates Lippo Group…
Elevenia just raised another $50 million from its existing investors. The ecommerce marketplace is a joint venture of South Korean company SK Planet and Indonesian telco XL Axiata. Elevenia launched in Indonesia in early 2014 with an initial capital of $18.3…
Indonesia as an e-commerce paradise in just two years’ time may seem an idle dream to those who still struggle with connectivity as a massive burden in their lives. It is, however, an emerging reality for some of the people behind Indonesia’s growing online…