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GLX operates the platform in Singapore, with auctions being conducted based on either Singapore or London time. Parties initiating an auction set the commercial terms, including a reserve price, and select the counterparties they wish to invite into the auction. Successful auctions result in binding sales contracts. [3]
In September, Carro announced the inception of its operations in Malaysia through a $30 million investment into the car-bidding online platform Carro Malaysia (formerly myTukar). [7] [8] In June 2021, Carro received $360 million in a C funding round which raised its valuation to $1 billion led by SoftBank.
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.
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.
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.
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]
Pelago, a booking platform owned by Singapore Airlines, is curating a list of over 200 experiential activities for residents to explore as the country gradually reopens.
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.
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related to: singapore online auction platformhibid.com has been visited by 100K+ users in the past month