E-commerce platform Qoo10 to be wound up; liquidators appointed

Quick Summary:

SINGAPORE: Troubled e-commerce platform Qoo10 was ordered on Monday (Nov 11) by the Singapore High Court to be wound up, with liquidators also appointed for the company.

One such party was Korea Culture Promotion (KCP), which operates culture portal sites and issues culture gift certificates and other products to serve their customers in South Korea.

The two platforms then filed for corporate rehabilitation in the Seoul Bankruptcy Court, and in October the court ruled that they be sold off to resolve the payment delays.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Delays E-commerce Other Culture Platform South Court Singapore Qoo10 Payment Merchants

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 22:59:49 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23518268

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Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

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