Retail News CRM

Tag: ezbuy

  • China’s LightInTheBox to acquire Singapore ecommerce Ezbuy

    China’s LightInTheBox to acquire Singapore ecommerce Ezbuy

    Chinese online retailer LightInTheBox will acquire Singaporean e-commerce platform Ezbuy for approximately US$86 million, subject to some closing conditions. Ezbuy, which has more than 3 million customers in Southeast Asia and Pakistan, has grown from a middleman service linking international consumers and Chinese e-retailers to become a more traditional online retailer in its own right. It secured US$17.6 million earlier this year, predominantly from Chinese investors.

    LightInTheBox CEO Zhiping Qi said: “This transaction is part of our larger plan to build our business-to-consumer cross-border ecommerce out to scale globally,” citing Ezbuy’s supply chain management as potentially supporting the firm’s emerging markets strategy.

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  • Ezbuy Pakistan enjoys blooming sales

    Ezbuy Pakistan enjoys blooming sales

    Singapore online retailer Ezbuy has expanded, opening Ezbuy Pakistan.

    And already local media are tipping the site to be twice the size of Pakistan’s existing online retailer Daraz.pk, offering 3 million products, ranging from apparel through to electronics.

    Ezbuy Pakistan will offer products from local and overseas suppliers, with overseas orders shipped direct in much the same way Alibaba’s Aliexpress serves regional customers.

    “Our main agenda is to provide great value quality products to Pakistanis at their doorstep,” said co-founder and chief strategy officer at ezbuy.com, Vincent Xue Bin.

    “We would have three platforms; first, ezbuy cross-border and local products; second, Haute Shop fashion products, and a third, B2B serves businesses,” he said in a local media interview.

    “China is manufacturing good quality products at great value rates compared to other countries including Pakistan and we can deliver it to the Pakistani people, schools, universities, hospitals with minimum delivery charges. Our trust with the Pakistani buyers is our main asset.”

    Ezbuy Pakistan is a joint venture between the Singapore operator and a group of Pakistani investors, led by Kamran Shaukat, who says the response to the site since it went live on August 1 has been “overwhelming”.

    Another advantage Shaukat points out for Pakistani suppliers selling on the site is that the platform opens doors to customers abroad. Ezbuy currently operates in Singapore, Malaysia, Thailand, Indonesia, and Taiwan, but products are shipped worldwide.

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  • Singapore’s e-commerce veteran ezbuy raises US$17.6M in pre-Series C funding round

    Singapore’s e-commerce veteran ezbuy raises US$17.6M in pre-Series C funding round

    Singapore’s global shopping platform EZbuy.sg has raised US$17.6 million in pre-series C funding co-led by several regional venture capitalist firms.

    Founded in 2010, EZbuy says it will use the funding to offer quicker and more reliable modes of localised services while further enhancing its product offerings. The capital investment will also be allocated for its expansion plans in the region as well as countries outside of Southeast Asia.

    EZbuy co-founder/CEO He Jian says the company’s core mission has always been to provide customers with convenient access to shop for their favourite products from all over the world.

    “The investment will enable us to continue strengthening our core verticals and pave the way to achieve this objective faster,” he says.

  • Ezbuy Announces Dollar Deals With Huge Savings – For Two Days Only

    Ezbuy Announces Dollar Deals With Huge Savings – For Two Days Only

    ezbuy.sg, Singapore’s first and largest global shopping platform, today announced their ezbuy Dollar Deals,offering a variety of the lowest prices, on some of the most popular product categories. Happening for two days only from 29th to 30th April 2018, the ezbuy Dollar Deals will offer heavily discounted prices for customers looking to jump start their shopping spree, with deals going on sale at $1, $3, and $5respectively.

    Customers can look forward to huge savings from over 2,000 products across numerous categories, including men and women’s fashion, accessories, home and living, beauty, food and more. Explore ezbuy’s shopping platform for your favourite products including mobile accessories, jewellery pieces, Bluetooth speakers, patterned tees, dresses, handbags and many more. Products under the ezbuy Dollar Deals will also be at nett prices, with no shipping and agent fee for the entire campaign period.

    To date, ezbuy has not only expanded their suite of product offerings, they have also more sellers on board from China as well as on their various marketplaces including Singapore, Korea, Taiwan and USA. This means that customers now have greater access to their favourite brands and products from these countries with the ease of purchasing them from ezbuy.

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  • EZbuy to have more product offering

    EZbuy to have more product offering

    Singapore’s first global shopping platform EZbuy says it plans to almost double its product offering to 6 million items from brands and sellers in Korea, Taiwan and the US.

    It will bring on board a further 100,000 merchants by the end of the year.

    Its Korea Marketplace offers more than 10,000 items such as streetwear, cosmetics and personal care products. Traffic growth in Singapore for the K-beauty collection has increased more than 100-fold since its launch last year. Top-selling brands include 3CE, April Skin, Etude House, Laneige and Pony Effect.

    The Taiwan Marketplace offers the Buy-For-Me service both on the website and mobile app. Its top products include Biffido, ChiaTe, I-mei, Kiki, Kuaiche and OK Tea (food and snacks); Gracegift, OB Design and Stay Real (fashion, bags, shoes and accessories); and Hanaka Flower, Kose, MKUP and Oguma (health and beauty).

    EZbuy says demand has soared for consumer goods from the US. Best-selling brands on its USA Marketplace include Coach, Forever 21, Gap, Kate Spade and Under Armour (fashionwear and accessories); ColourPop and Sephora (cosmetics); and Mother and Kids (beauty and health supplements).

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