Nearly $360m investor capital up in the air as Qoo10 liquidates

Nearly $360m investor capital up in the air as Qoo10 liquidates

FILE PHOTO: A person passes in front of TMON headquarters amid WeMakePrice and TMON, owned by Singapore-based e-commerce platform Qoo10, are facing increasingly delayed payments, in Seoul, South Korea, July 24, 2024. Yonhap via REUTERS/File Photo

Singapore-registered embattled e-commerce platform Qoo10 filed for liquidation last week on the grounds of insolvency, casting a shadow on nearly $360 million of investor-paid capital since eBay’s 2018 exit, regulatory filings showed.

Edited by: Joymitra Rai