SG Talk

To demonstrate the scale necessary for a Nasdaq listing, Qoo10 Group acquired TMON, WeMakePrice (WMP), and North American e-commerce platform Wish. 

Both TMON and WeMakePrice are in a state of complete capital impairment, with liabilities exceeding assets. 

An industry insider said, “CEO Ku acquired a series of struggling e-commerce companies with poor performance and similar business models, likely to inflate the size of Qxpress for its listing.”

https://www.chosun.com/english/industry-...WFFXEXVBU/

Qxpress will leave ailing Qoo10, and seek a new owner

Qxpress’s investors include Crescendo Equity Partners, Corstone Asia, Metistone Equity Partners, Korea Development Bank Private Equity and Cactus Private Equity. The invested amount is around 170 billion won ($127 million), according to the Korea Economic Daily.

https://koreajoongangdaily.joins.com/new...er/2116556

hope Qoo10 can survive another week.............i will use up all my Q-money...........