Qoo10 launches K-Avenue for S.Korean products

It aims to expand its distribution channel in the US for S.Korean companies through the new e-commerce platform Wish+

Qoo10 launches K-Avenue for S.Korean products
Jae-Kwang Ahn 1
2024-05-28 12:15:57 ahnjk@hankyung.com
E-commerce

Southeast Asia-based e-commerce platform Qoo10 Pte. announced on Tuesday that it launched K-Avenue, a sales channel for Korean products, on the newly established e-commerce platform Wish+.

Wish+ is a unified platform integrating Asia-based Qoo10 and Wish, which operates primarily in North America and Europe.

It is expected to be a forward base for Korean products to penetrate global markets.

K-Avenue offers products in categories such as food, beauty, and fashion. Brand products listed on Qoo10 will also be featured in special deals.

Inquiries from domestic brands seeking to expand exports to North America are also increasing.

Qoo10 said it's in talks with local subsidiaries and distributors of major food companies such as CJ, Daesang Corp., and Haitai Confectionery Co., to enter the platform.

The company also collaborates with local governments to export regional specialties abroad.

Write to Jae-Kwang Ahn at ahnjk@hankyung.com

Qoo10 buys Korean department store AK’s e-commerce unit

Qoo10 buys Korean department store AK’s e-commerce unit

Department store chain AK Plaza's Bundang branch in Seongnam, Gyeonggi Province (Courtesy of AK)   Southeast Asia-based e-commerce platform Qoo10 Pte. has signed an agreement to acquire South Korean department store chain AK Plaza’s online shopping affiliate AK Mall for 510 mill

Qoo10 buys US e-commerce platform Wish for $173 mn

Qoo10 buys US e-commerce platform Wish for $173 mn

Ku Young Bae, founder and chief executive of Qoo10 Southeast Asia-focused e-commerce platform Qoo10 Pte. has agreed to acquire Wish, a US online marketplace, for $173 million from Nasdaq-listed ContextLogic Inc., the two companies said on Monday, a deal expected to build Qoo10’s presence

LG H&H’s sales surges 300% on Qoo10 in 6 months

LG H&H’s sales surges 300% on Qoo10 in 6 months

South Korea’s LG H&H Co. announced on Thursday that its sales in November this year in Megawari, a shopping event organized by Qoo10, the Japanese e-commerce giant, surged by 294% compared to its first participation in June. This marks a 135% growth compared to the sales in the Sep

SK Square pauses talks with Qoo10 over 11Street deal

SK Square pauses talks with Qoo10 over 11Street deal

11Street's brand logo (Courtesy of SK)  SK Square Co., an investment arm of South Korea’s No. 2 conglomerate SK Group, has suspended negotiations with Singapore-headquartered e-commerce giant Qoo10 Pte. on the Korean online retail platform 11Street deal, sources familiar with the mat

(* comment hide *}