SG Talk

Qoo10 lays off over 80% of Singapore employees amid financial struggles 

https://theindependent.sg/qoo10-lays-off...struggles/

The last time I bought from Qoo10 was 10 years ago

I tried all 5 online shopping

I still like Shoppee more

Used to buy a lot from them. They use the ;P money to take over big loss companies to look bigger. Too bad, they tripped halfway, in S. Korea, before being listed.

Heard it on the news and tried to find this news last evening on the internet but could not find it.

y sgtalk top&bottom got ads ?

90 sg staff affected
3 fT AFFECTED
NO RETRENCHMENT BENEFITS AS THE COMPANY HAS TOTALLY NO MONEY LEFT

(29-08-2024, 02:03 PM)theold Wrote: [ -> ]Used to buy a lot from them. They use the ;P money to take over big loss companies to look bigger. Too bad, they tripped halfway, in S. Korea, before being listed.

Was sitting well as fourth biggest e-commerce platform in Sg,
but too aggressive expanding.
not sure its future.

Hong Gan liao lah.

(29-08-2024, 08:15 PM)watchfirst9 Wrote: [ -> ]Was sitting well as fourth biggest e-commerce platform in Sg,
but too aggressive expanding.
not sure its future.

It's not sitting well. It's just sitting there cos cannot compete with bigger platforms like shopee and lazada. Those bigger platforms can burn money to give discounts and attract more users to their platform. Qoo10 probably tried to do the same and burn till no money.

I am surprise they lasted so long.

The end is somewhat inevitable. Given the 2 competitor have so much cash to burn.

Shopee is smart to come bank and credit card services.

Now so many games to play as well…
Play these games can prevent dementia?