SINGAPORE - iBuy Group, the parent company ofDEAL.com.sg, has emerged as the number one e-commerce player in Southeast Asia, based on turnover, according to a ranking by Business Insider Singapore, the Singaporean edition of a leading business and technology news website.
iBuy Group, topped four other ecommerce sites to emerge as the winner in the ranking, with a turnover of S$153 million.
"Being the region's favorite shopping site is indeed a significant achievement for us. We will continue to work hard to provide the most compelling online shopping offering to our customers in each of our six Asean markets," said Patrick Linden, co-founder &CEO, iBuy Group.
iBuy Group specializes in flash sales as well as traditional e-commerce and is currently valued at S$164 million. The Group has operations throughout Southeast Asia as well as Hong Kong, through its eight digital properties: Beecrazy.hk, Deal.com.sg, Mydeal.com.my, Dealmates.com,LivingSocial.co.id, LivingSocial.com.my, Ensogo.com and Ensogo.com.ph.
This achievement comes closely on the back of Deal.com.sg's move into the luxury goods space with the roll out of D'Luxe in Singapore, a dedicated platform that features mainly current season goods from premium luxury brands. Leveraging on its international sourcing network, D'Luxe, aims to deliver the widest variety of primarily current season goods from premium luxury brands at the best possible prices.
A new Redemption Centre is also slated to be opened in July and will be located at 2 Kallang Avenue, CT Hub, #03-01/02, Singapore S339407.
