Qoo10 Deals. (Strictly no referral link) - Part 2

[LegendZenify]

Lol yea. Think there will always be some promo, no need to rush to buy

Hopefully so.
I just hope Qoo10 doesn't burn out like Lazada, Shopee or worse, Rakuten.

 

[glacieraze]

Hopefully so.
I just hope Qoo10 doesn't burn out like Lazada, Shopee or worse, Rakuten.

Please, qoo10 or rather gmarket singapore exists before lazada, shopee and rakuten and they are still here. I think you should only worry that your pocket doesnt burn out first before qoo10 close down

 

[viktOzzz]

I don't think that qoo10 will suffer the same fate as the rest. They had been around the longest, and had so many transactions per day.

 

[WhiteHunter]

I don't think that qoo10 will suffer the same fate as the rest. They had been around the longest, and had so many transactions per day.

if they chut more patterns, sooner or later will also close down.

 

[kero89]

Lol yea. Think there will always be some promo, no need to rush to buy

Anybody feeling the economic downturn since start of the year? Lol

 

[LegendZenify]

Please, qoo10 or rather gmarket singapore exists before lazada, shopee and rakuten and they are still here. I think you should only worry that your pocket doesnt burn out first before qoo10 close down ��

Nah, I didn't mean close down (lazada & shopee are still active and surviving btw).
But rather its the lowering of the budget allocated for sales, which results in less sales/discounts, which happened to lazada, shopee and rakuten.
Actually, can tell that similar thing might be happening to qoo10 alr, with all the changes with regards to gift cards & qoo points.
Wonder how much of their sales budget left.

 

[what88]

Nah, I didn't mean close down (lazada & shopee are still active and surviving btw).
But rather its the lowering of the budget allocated for sales, which results in less sales/discounts, which happened to lazada, shopee and rakuten.
Actually, can tell that similar thing might be happening to qoo10 alr, with all the changes with regards to gift cards & qoo points.
Wonder how much of their sales budget left.

Don't think Qoo10 had budget concern, I think this is due to people abused their system that's why they need to do something.

 

[what88]

Please, qoo10 or rather gmarket singapore exists before lazada, shopee and rakuten and they are still here. I think you should only worry that your pocket doesnt burn out first before qoo10 close down ��

Yap, I am more worry about my pocket.

 

[kandinsky]

But rather its the lowering of the budget allocated for sales, which results in less sales/discounts, which happened to lazada, shopee and rakuten.
Actually, can tell that similar thing might be happening to qoo10 alr, with all the changes with regards to gift cards & qoo points.
Wonder how much of their sales budget left.

Actually, another possibility is that the previous cycle's promos did a very good job, so they are meeting/exceeding targets, so can ease off the pedal for awhile. Nobody runs a company by maxing out their promos all the time right. There will be cycles. There will be major sales periods, then smaller sales periods. It's not Black Friday season every month. I think most people are still comparing to the BF/yearend period where it was quite hiong. Can't expect every month to be similar.

 

[batniss]

Nah, I didn't mean close down (lazada & shopee are still active and surviving btw).
But rather its the lowering of the budget allocated for sales, which results in less sales/discounts, which happened to lazada, shopee and rakuten.
Actually, can tell that similar thing might be happening to qoo10 alr, with all the changes with regards to gift cards & qoo points.
Wonder how much of their sales budget left.

should be zero. because they are out there banning people now.

 

[kero89]

should be zero. because they are out there banning people now.

Pretty sad they resort to doing such things

 

[glacieraze]

Pretty sad they resort to doing such things

I think they need to answer to their new share holder (you should know who) where all the money that are injected by them are spent..

 

[what88]

Actually, another possibility is that the previous cycle's promos did a very good job, so they are meeting/exceeding targets, so can ease off the pedal for awhile. Nobody runs a company by maxing out their promos all the time right. There will be cycles. There will be major sales periods, then smaller sales periods. It's not Black Friday season every month. I think most people are still comparing to the BF/yearend period where it was quite hiong. Can't expect every month to be similar.

Past few months Qoo10 given out too many promos, the cycle for issuing coupons also too frequent and lots buyers took the chances to get high value items, indirectly this will affect their revenue.

 

[denial86]

what are the T&cs? ie, when does this promo expire? have no use for this at the moment, thinking of d/ling it on the last day only only not too sure when the last day is

Haha weekends means 2days only ba? But doesn't look like got a cap on how many can redeem so far.

 

[ngbc]

I think they need to answer to their new share holder (you should know who) where all the money that are injected by them are spent..

Spot on! so you also can guess who are the spies over here right

 

[ChouunShiryuu]

I think they need to answer to their new share holder (you should know who) where all the money that are injected by them are spent..

Who is their new shareholder?

 

[denial86]

should be zero. because they are out there banning people now.

Yah lor and they still owe me $150 in gift cards.

 

[kandinsky]

Who is their new shareholder?

Singapore Press Holdings (SPH) is the lead investor in a group that has stumped up US$82.1 million (S$112 million) to help e-commerce site Qoo10 expand further across the region.

Qoo10's parent company, Giosis, will use the capital to develop technology and infrastructure while also enhancing its services and talent base.

http://www.straitstimes.com/business/companies-markets/sph-leads-group-investing-112m-in-qoo10

As the lead investor in this Series A round, SPH will also partner with Qoo10 to explore strategic collaborations on the e-commerce platform across various content, marketplaces, retail, advertising and classifieds opportunities.

Mr Alan Chan, Chief Executive Officer, SPH, said: "Qoo10 is the number one ranked e-commerce website in Singapore and its parent company Giosis has established itself as a market leader in the region's e-commerce space. The investment in Qoo10 will enhance our portfolio of digital assets and open up opportunities for future marketing collaborations. With the region's e-commerce market poised to grow, this investment puts us in a good position to tap on the industry's growth and be an active player in this e-commerce space."

A joint venture between Gmarket Inc. founder Mr Ku Young Bae and eBay, Qoo10 was founded in 2010 with US$20 million seed capital, after Gmarket was acquired by eBay in 2009 for US$1.2 billion.

http://news.asiaone.com/news/singapore/giosis-pte-ltd-raises-us821-million-series-funding

 

[shadow84]

Assuming that from nov till now, they have given out $100 coupons to 30,000 ppl, total is $3 mil. It should be more than that...

Shareholders might be thinking of ways to get back this $3 mil.

 

[Trazora]

Assuming that from nov till now, they have given out $100 coupons to 30,000 ppl, total is $3 mil. It should be more than that...

Shareholders might be thinking of ways to get back this $3 mil.

They still earn even with coupon