Korea s antitrust regulator said Sunday it has approved Singapore-based Qoo10 s purchase of two online shopping platforms, as the move is not likely to disrupt competition in the market.
Qoo10, an e-commerce platform headquartered in Southeast Asia, has acquired control of local online shopping mall WeMakePrice, further expanding its presence in Korea s rapidly growing e-commerce market, according to company officials on Thursday.
First-generation e-commerce firms are in the process of creating synergy with newly acquired companies and finding new business opportunities in the increasingly competitive online shopping market, according to industry officials, Monday.
Qoo10 logistics unit Qxpress buys Hong Kong's Korchina Logistics theloadstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theloadstar.com Daily Mail and Mail on Sunday newspapers.