26-07-2024, 08:45 AM
Under a non-compete clause, Ku moved to Singapore in 2010 and established Qoo10 in a joint venture with eBay.
In 2019, after the non-compete clause expired, Ku established Qxpress’s Korean branch. By 2022, he expanded his business by acquiring five platforms, starting with TMON, followed by Interpark Commerce, WeMakePrice, the U.S. shopping platform Wish, and AK Mall.
TMON and WeMakePrice, already financially distressed before the acquisitions, saw their situation worsen under Qoo10.
https://www.chosun.com/english/industry-...XSBLODEJQ/
In 2019, after the non-compete clause expired, Ku established Qxpress’s Korean branch. By 2022, he expanded his business by acquiring five platforms, starting with TMON, followed by Interpark Commerce, WeMakePrice, the U.S. shopping platform Wish, and AK Mall.
TMON and WeMakePrice, already financially distressed before the acquisitions, saw their situation worsen under Qoo10.
https://www.chosun.com/english/industry-...XSBLODEJQ/