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An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [ 1 ] [ 2 ] [ 3 ] Similar to in-person auctions, online auctions come in a variety of types , with different bidding and selling rules.
Carousell was founded in Singapore on 14 May 2012, by co-founders Quek Siu Rui, Lucas Ngoo, and Marcus Tan. The first item sold on Carousell was an Amazon Kindle e-reader for S$75. [ 1 ] Carousell was subsequently registered as Carousell Pte. Ltd. on 2 January 2013.
In October 2014, the company acquired LoveByte, a mobile app. [7] LoveByte is headquartered in Singapore. In January 2015, migme enters e-Commerce with acquisition of Sold.sg. [8] Sold is an online pay-to-bid auction house and e-commerce business. Sold operates in Singapore and Malaysia.
An electronic trading platform being used at the Deutsche Börse.. In finance, an electronic trading platform, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary.
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. [3]
Yahoo! Auctions is a service set up by the online search giant Yahoo! in 1998 to compete against eBay. [2]There are currently only two localizations of the service active in Taiwan and Japan; Yahoo! has discontinued the service in the United States, Canada, Singapore, Hong Kong, United Kingdom and Ireland.
The brand-named watches are authenticated at CentralWatch. Prior to auction, Worthy.com makes available the item's photographs and diamond grading report to the networks of pre-selected professional buyers. The online auction can be watched live by the seller, and both sellers and buyers receive real time updates on the auction status.
Shopee was established in Singapore in February 2015 as a mobile-focused marketplace that enables users to browse, shop, and sell products. [9] The platform integrates logistical and payment support to facilitate transactions and is designed to operate with minimal physical assets.
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