Indonesia's e-commerce market is expected to hit US$81 billion in 2025, accounting for 40% of the total market in South-East Asia.
The ‘potential’ of South-East Asia’s e-commerce market claims another high-profile victim this year, with Ensogo joining Rakuten in announcing its withdrawal from the region’s e-commerce business.
Ensogo's announcement that it was shuttering all its e-commerce operations in SEA still came as a surprise to many, but there were early warning signs.
A mere two months after speaking confidently of its latest pivot, Ensogo CEO Krzysztof Marszalek has stepped down and the company is closing all its SEA e-commerce units. Karamjit Singh has the story, including why this is a rare failure for Patrick Grove.
Amazon.com Inc will be bringing a US$600-million war-chest into Indonesia with its designs on the country’s e-commerce market, according to a local media report.
Singaporean consumers no doubt are rejoicing at the entry of a new mobile player, and while Ensogo goes in search of profitability, DNA gives you two bites of that story for you to taste.
Ensogo Ltd has cut its staff strength from 600 to under 300 in the first three months of this year, restructuring its business after reporting widening losses for its 2015 financial year.
Today’s segment saw Karamjit Singh talking about his conversation with Ensogo CEO Krzysztof Marszalek, about Shopee introducing its own ‘university,’ and about SushiVid trying to create a marketplace to connect brands to YouTubers.