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Qoo10 sharpens focus on S-E Asia : Its limited resources could not take on the established e-commerce heavyweights already in China and Japan.

Mar 04, 2019 - The Business Times Singapore

DESPITE nine years in the business, Singapore's top e-commerce platform Qoo10, with more than 30 per cent share of the market, is still in the red.

But turning profitable is on the horizon, founder and chief executive officer Ku Young Bae shared with The Business Times.

The 51-year-old entrepreneur (who started a similar venture in South Korea but has divested it) expects Qoo10 to stop bleeding red ink in the second half of 2020 - with an eye on an initial public offering the year a...