Elevenia

Retail Asia09/09/2017

Korean-owned 11street may be exiting Indonesia, but the e-commerce platform remains bullish about its opportunities in Thailand. Yun Chang-sung, 11street Thailand VP of sales, says the company is working towards being the largest e-commerce player in the nation by 2022. A week ago, 11street parent SK Planet, a subsidiary of SK Telecom, announced it was selling […]

Retail Asia01/03/2017

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Samsung Electronics Southeast Asia and Oceania has signed a memorandum of understanding with global platform innovator SK Planet on an eCommerce partnership in Southeast Asia. Signed in Singapore, the deal aims to promote Samsung’s brand presence and provide increased convenience and access to the Korean company’s products in Southeast Asia through online shopping sites 11street […]

Retail Asia08/03/2016

Three Indonesian eCommerce platforms are about to be launched – by Astra Graphia, CT Corp and a joint venture formed by the Salim and Lotte Groups. This comes after forays into eCommerce in the past 12 months by such Indonesian conglomerates Lippo Group (MatahariMall and Venturra Capital), Sinar Mas Group (SMDV) MNC Group (BrandOutlet) and […]

Retail Asia03/02/2016

Elevenia just raised another $50 million from its existing investors. The ecommerce marketplace is a joint venture of South Korean company SK Planet and Indonesian telco XL Axiata. Elevenia launched in Indonesia in early 2014 with an initial capital of $18.3 million from each partner. It has since received multiple capital injections from its parents, […]

Retail Asia18/05/2015

Indonesia as an e-commerce paradise in just two years’ time may seem an idle dream to those who still struggle with connectivity as a massive burden in their lives. It is, however, an emerging reality for some of the people behind Indonesia’s growing online market ecosystem. Meet Jungsung Lee, chief executive of Indonesian online marketplace […]

Tag: Elevenia

11street Thailand eyes top spot

SK Planet and Samsung sign for online partnership

Tough battle brews in Indonesian eCommerce

Indonesia’s Elevenia marketplace gets $50 million from existing investors

Indonesian Online Marketplace Elevenia Sees Strong Growth in Transactions