11Street to host grand shopping festival in November

More than 200 brands will join the company's annual Grand 11 festival from November 1 to 11

11Street to host grand shopping festival in November
Ji-Yoon Yang 1
2024-10-25 15:32:55 yang@hankyung.com
Retail


South Korea’s e-commerce platform 11Street Co. will hold its annual Grand 11 shopping festival from November 1 to 11.

Since 2008, the company has held the Grand 11 shopping festival annually.

The Grand 11 came from the company's name, Single's Day in China, and Black Friday in November. It attracted 7 million customers last year.

This year, over 200 renowned brands will participate in the Grand 11, including Samsung Electronics Co., LG Electronics Inc., CJ CheilJedang Corp., Coca-Cola, and Amorepacific Corp. 

11Street will introduce robotic vacuum cleaners during the first three days of November. New products from brands like Roborock, Dreame, and Ecovacs will be offered at a lower price.

The e-commerce platform will also offer various time-limited deals, such as “Time Deal,” “10-Minute Rush,” “Experience Deal,” and “Lunch Special Deal.”

The Amazon Global Store will also participate in this 11Street event, offering discounted prices on products, including digital devices, health supplements, kitchenware, and cosmetics.

Write to Ji-Yoon Yang at yang@hankyung.com

Korean grocery delivery platform Oasis to buy e-commerce 11Street

Korean grocery delivery platform Oasis to buy e-commerce 11Street

An offline Oasis store (Courtesy of Oasis) South Korean grocery delivery platform Oasis Corp. is poised to acquire the country’s leading e-commerce operator 11Street Co. to ramp up its business amid rapid growth of Chinese players such as AliExpress and Temu in Korea, the world’s fi

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

H&Q, Aeneas PE put online retailer 11Street on the market

H&Q, Aeneas PE put online retailer 11Street on the market

11Street (Screenshot captured from 11Street website) H&Q Korea Partners and Hong Kong-based Aeneas Private Equity have put South Korea’s e-commerce platform 11Street Co. up for sale to recoup their 500 billion won ($380 million) investment, according to people with knowledge of the ma

(* comment hide *}