Qoo10
Qoo10 is a Southeast Asian e-commerce platform, formerly known as GMarket, headquartered in Singapore. 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. History. Qoo10 was founded as a subsidiary of Qoo10 Pte. Ltd., in 2010 by Giosis Pte. Ltd., a joint venture between Gmarket founder Ku Young Bae and eBay. Gmarket was founded in South Korea in 2000 as a subsidiary of Interpark. In December 2007, Gmarket was established in Japan. Gmarket was next  established in Singapore in December 2008. In April 2009, Ku Young Bae sold Gmarket to eBay In May 2010, Giosis Pte. Ltd. was established as a joint venture between Ku and eBay to further develop Singapore and Japan marketplaces, and expand in the region In March and April 2011, Gmarket was established in Indonesia and Malaysia respectively. In September, Gmarket launched its global marketplace. In May 2012, Gmarket was rebranded as Qoo10 In January 2013, Qoo10 was established in China In January 2015, Qoo10 was established in Hong Kong.. In July, Giosis raises US$82.1 million in series a funding  from Singapore Press Holdings, eBay, Oak Investment Partners, Saban Capital Group, Brookside Capital, and UVM 2 Venture Investments The company stated their intention to use the funds to accelerate Qoo10's technology growth and service development, while investing in additional infrastructure and talent acquisition. In April 2018, eBay completed acquisition of Giosis Private Limited and its Japan properties, including , which will operate independently from other Qoo10 sites. eBay relinquished its stakes in Giosis' non-Japanese businesses, which moved under newly established parent company, Qoo10 Pvt. Ltd. In October 2019, Qoo10 acquired ShopClues, an Indian e-commerce platform.