Gmarket was founded in South Korea in 2000 as a subsidiary of Interpark. In December 2007, Gmarket was established in Japan[citation needed]. Gmarket was next established in Singapore in December 2008.[citation needed]
In April 2009, Ku Young Bae sold Gmarket to eBay.[6][7][8]
In May 2010, Giosis Pte. Ltd. was established as a joint venture between Ku and eBay to further develop Singapore and Japan marketplaces, and expand in the region.[9][10][1]
In March and April 2011, Gmarket was established in Indonesia and Malaysia respectively.[citation needed] In September, Gmarket launched its global marketplace.[citation needed]
In January 2013, Qoo10 was established in China.[citation needed]
In January 2015, Qoo10 was established in Hong Kong.[citation needed]. In July, Giosis raises US$82.1 million in series a funding from Singapore Press Holdings, eBay, Oak Investment Partners, Saban Capital Group, Brookside Capital, and UVM 2 Venture Investments[12][13][14] The company stated their intention to use the funds to accelerate Qoo10's technology growth and service development, while investing in additional infrastructure and talent acquisition.[12][13][14]
In April 2018, eBay completed acquisition of Giosis Private Limited and its Japan properties, including Qoo10.jp [ja], which will operate independently from other Qoo10 sites.[15][16][17] eBay relinquished its stakes in Giosis' non-Japanese businesses, which moved under newly established parent company, Qoo10 Pvt. Ltd.
In October 2019, Qoo10 acquired ShopClues, an Indian e-commerce platform.[18]
Awards and recognitionedit
Qoo10 was named as the “Best Online Retailer” at AsiaOne’s People Choices Awards, 2015 & 2016.[19][20]
In 2016, Qoo10 was voted “Best Electronics Shopping Portal” at Tech Awards 2016 organized by Singaporean tech magazine HWM and HardwareZone.[22]
In 2017, CGS-CIMB and Euromonitor statistics figured Qoo10 Singapore captured 32.6% of market share in Singapore's e-commerce market.[3][23]
Data insights from metasearch engineiPrice showed that Qoo10 consistently holds the top spot for monthly user website visits among e-commerce platforms in Singapore.[24][25]
Referencesedit
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^"EBay Is Close to $700 Million Deal for Qoo10's Japan Assets". bloomberg.com. Bloomberg. Archived from the original on 2018-09-23. Retrieved 2018-09-22.
^ ab"Can Qoo10 maintain its dominance in Singapore's e-commerce market?". Singapore Business Review. June 14, 2018. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^"Company Overview of Giosis Pte. Ltd". bloomberg.com. Bloomberg. Archived from the original on 2018-09-22. Retrieved 2018-09-22.
^"Singapore's biggest online mall Qoo10 fights Alibaba with blockchain". The Straits Times. 2019-04-03. Archived from the original on 2019-11-10. Retrieved 2019-11-10.
^So-eui, Rhee (April 16, 2009). "EBay to buy S.Korea's Gmarket for up to $1.2 billion". Reuters. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^Shankland, Stephen (April 16, 2009). "eBay buying out Gmarket, as Yahoo exits". CNET. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^Kim, Hyun-cheol (April 16, 2009). "eBay to Take Over Gmarket for $1.2 Billion". The Korea Times. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^Bass, Dina (May 7, 2010). "EBay, Gmarket's Ku in Japan, Singapore Joint Venture". Bloomberg. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^Rao, Leena (May 6, 2010). "eBay Partners With Gmarket Founder For $20 Million Expansion Into Japan And Singapore". TechCrunch. Archived from the original on 2017-07-06. Retrieved September 19, 2018.
^Wee, Willis (April 17, 2012). "Gmarket Singapore, Japan, Malaysia, and Indonesia to Rebrand to Qoo10". Tech in Asia. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^ abKarekar, Rupali (July 23, 2015). "SPH leads group investing $112m in Qoo10". The Straits Times. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^ abFreischlad, Nadine (July 22, 2015). "Ecommerce site Qoo10 locks up $82M in series A funding". Tech in Asia. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^ abShu, Catherine (July 23, 2015). "Ebay-Backed, Asian E-Commerce Company Giosis Lands $82.1M Series A". TechCrunch. Archived from the original on 2018-09-23. Retrieved September 19, 2018.
^Dastin, Jeffrey (February 28, 2018). "EBay to buy Qoo10 Japan, other assets from Giosis". Reuters. Archived from the original on 2018-06-17. Retrieved September 19, 2018.
^Smith, Jake (February 28, 2018). "eBay acquires Qoo10 Japan e-commerce platform | ZDNet". ZDNet. Archived from the original on 2018-03-03. Retrieved September 21, 2018.
^"eBay completes Qoo10 acquisition". Inside Retail Asia. July 23, 2018. Archived from the original on 2018-09-23. Retrieved September 21, 2018.
^"Singapore's Qoo10 acquires Indian online marketplace ShopClues". TechCrunch. 31 October 2019. Archived from the original on 2021-06-29. Retrieved 2019-11-01.
^"Qoo10 named best online retailer at AsiaOne PCA 2015". AsiaOne Women. Archived from the original on July 16, 2016. Retrieved June 17, 2016.
^"Agoda, POSB and Qoo10 among top winners at AsiaOne People's Choice Awards 2016". The Straits Times. April 21, 2016. Archived from the original on 2016-05-03. Retrieved September 19, 2018.
^Lin, Melissa (January 15, 2016). "Singapore Airlines tops brand image survey". The Straits Times. Archived from the original on 2018-03-16. Retrieved September 19, 2018.
^Krishna Moorthy, Prabu (February 25, 2016). "Qoo10 voted 'Best Electronics Shopping Portal' at Tech Awards 2016". AsiaOne Digital. Archived from the original on April 2, 2016. Retrieved September 19, 2018.
^"Chart of the Day: Qoo10 beats Amazon and Apple in Singapore's e-commerce market". Singapore Business Review. June 4, 2018. Archived from the original on 2018-06-23. Retrieved September 19, 2018.
^"The Map of E-commerce in Singapore". iprice.sg. Archived from the original on July 26, 2018. Retrieved September 19, 2018.
^Shi Wei, Neo (April 23, 2018). "Qoo10 takes e-commerce fight to next level with bulked-up war chest". The Business Times. Archived from the original on 2018-07-12. Retrieved September 19, 2018.