Qoo10 speed ahead of Apple and Amazon
Qoo10 currently takes the lead in Singapore’s rapidly expanding e-commerce scene, commanding a total market share of 32.6% in 2017 — recent statistics from Euromonitor reports.
This puts Qoo10 ahead of other key players like Amazon and Apple, which hold 11.5% and 11% of the market share, respectively. This trend is in line with earlier data from meta-search website iPrice, which showed that Qoo10 was the most-visited e-marketplace site in Singapore, with more than 13.4 million monthly visits in Q1 2018.
These figures reflect Singapore’s growing e-commerce scene and the increasing popularity of online shopping amongst consumers.
Euromonitor also estimated that Singapore’s online retail sales rose by a CAGR of c.21.3% over 2012-17, leading the growth in the ASEAN region.
Qoo10 Singapore was launched in June 2010 and is now the No.1 Singapore-based e-commerce platform (Alexa Country Rank#10), with 3 million registered users.
With Singapore as the headquarter, Qoo10, founded by Ku Young Baehas expanded its marketplaces to Korea, Indonesia, Malaysia, Hong Kong and mainland China.
Their mission is to establish a decentralised and open market e-commerce platform, which provides everyone with the opportunity to buy and sell almost anything.
With a holistic customer-centric business model, Qoo10 offers a fun shopping experience for shoppers. For more information about the company, please visit their website at http://www.qoo10.sg/