SEOUL, March 4 (Korea Bizwire) — The number of users of e-commerce platform 11Street is declining at a rapid pace, with some saying that the positive impact of the partnership it formed with U.S. retail giant Amazon.com last year has yet to materialize. According to the data from market researcher Nielsen Koreanclick, the number of [...]
SEOUL, June 7 (Korea Bizwire) — SK Telecom Co., a major mobile carrier, denied a news report Monday that it is planning to sell a stake in its e-commerce unit 11Street to U.S. retail giant Amazon.com Inc. in a bid to bolster its online retail business. Local media had earlier reported that Amazon will exercise [...]
SEOUL, April 26 (Korea Bizwire) — SK Planet, South Korea’s leading e-commerce platform operator, said Sunday it has launched its flagship online shopping site in Malaysia as part of its overseas expansion. 11street, the online open-market site run by SK Planet, began its service there Friday, under the Internet domain www.11street.my and via its mobile [...]