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Its market share grew from 8% to 59% between 2003 and 2005, while eBay China dropped from 79% to 36%. [ 10 ] eBay shut down its Chinese site in 2006. In October 2010, Taobao beta-launched eTao as an independent search engine for online shopping to provide and merchant information from a number of major consumer e-commerce websites in China.
In February 2015, Shopee launched in Singapore as a mobile-centric marketplace where users can browse, shop and sell products. [7] The asset-light platform is integrated with logistical and payment support, and claims to make online shopping easy and secure for both buyers and sellers.
Qoo10 is a Southeast Asian e-commerce platform, formerly known as GMarket, headquartered in Singapore. [2] It operates localized online marketplaces across Singapore, Indonesia, Malaysia, mainland China, and Hong Kong, and on one international online marketplace. It optimizes its platform and services for small and medium enterprise merchants.
Around 2010, the price comparison websites found their way to emerging markets. Especially South-East Asia has been a place for many new comparison websites. [citation needed] It started in 2010 with CompareXpress in Singapore, and in the following years companies like Baoxian , Jirnexu , and AskHanuman followed. [6]
An online shop evokes the physical analogy of buying products or services at a regular "brick-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping.
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AliExpress ( Chinese: 全球速卖通) is an online retail service based in China and owned by the Alibaba Group. [1] Launched in 2010, [2] [3] it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers. It is the most visited e-commerce website in Russia [4] and was the ...
Shopping.com began as Papricom (DealTime.com), [1] which was founded in Israel in 1998 by Dr. Nahum Sharfman and Amir Ashkenazi, [2] the original business model was to create a downloadable client that would monitor changes in prices of products the user seeks to buy over time, notifying the user when the product price reached a predetermined level (hence the site's original name, DealTime).