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Groupon Rival LivingSocial Enters Thailand, Indonesia, and Philippines
There’s a new lifeline for many of the Groupon clones out there in Asia. LivingSocial just acquired Ensogo, DealKeren, and GoNabit, reported Reuters. The acquisition also pushes LivingSocial’s presence...
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LivingSocial acquires three Asian daily deal companies
Groupon rival LivingSocial has acquired DealKeren, a daily deal site in Indonesia, Ensogo, which owns DealKeren and has a presence in the Phillipines and Thailand as well, and GoNabit, a daily deals...
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LivingSocial Acquires Korean Daily Deals Site TicketMonster
Online deals website LivingSocial has made another bold step towards the Asian market by acquiring TicketMonster, the leading daily deals site in Korea. The Korean service has been growing fast,...
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Thailand’s Ensogo Reflects on Success, Aspires to Expand in 2012
Ensogo CEO Tom Srivorakul Thailand-based daily deals site Ensogo has revealed that its 2012 goals include maintaining its roughly 90 percent market share in Thailand and expanding its user-base in...
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Serial Entrepreneur Paul Srivorakul: His Admax and Ensogo Story
Image credit: abaf.asia Serial entrepreneur Paul Srivorakul (pictured), who founded and exited Admax and Ensogo, was born in Thailand, has lived in the Philippines and Singapore, and grew up in the US....
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An Investor’s Take On The “Southeast Asia Kool-Aid”
Matt Walters is a principal at Ardent Capital, a Bangkok-based VC firm with investments across Southeast Asia. Matt comes from the US where he was previously the founding head of business development...
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With Ensogo founders’ backing, Thai startup WhatsNew aims to outdo Rocket...
Have you heard of Quidsi? The name might not be too familiar, but it might ring a bell when I say it’s an American company that owns and operates e-commerce sites in various verticals, including...
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LivingSocial has rebranded to Ensogo in Indonesia
Tech in Asia noticed on Monday night that LivingSocial in Indonesia has recently rebranded to identify itself as “an Ensogo company.” Now, when visitors type in LivingSocial.co.id, they are redirected...
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Korean online marketplace 11street will invest $10M into Malaysian spinoff
One of Korea’s largest online marketplaces, 11street, today announced that it will be ploughing MYR 35 million (US$10 million) into its Malaysian website to encourage local seller participation. The...
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Philippine tax agency sues CashCashPinoy, Ensogo for tax evasion
The Philippines’ Bureau of Internal Revenue (BIR) filed before the Justice Department today tax evasion complaints against daily deals sites CashCashPinoy and Ensogo, according to local media reports....
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Ensogo raises $7.6M, aims to double down on partnership with Chinese etailer...
Daily deals site Ensogo today announced it has raised A$10 million (US$7.6 million) from investment firm Ward Ferry Management. 58.8 million shares will be issued to the Hong Kong-based fund at A$0.17...
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Ensogo gets another $29.3M to dominate Southeast Asia
Ensogo is at it again. Just last month, the ecommerce firm raised US$12.5 million from Hong Kong-based investment firm Ward Ferry Management and Chinese online discount retailer Vipshop in total....
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Cheatsheet of startup acquisitions in Southeast Asia
Image credit: nanquimvirtual Tech startup activity has intensified in Southeast Asia in past years as investors and entrepreneurs have started to look more seriously at opportunities in the region....
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These are the 15 top-funded startups in Singapore (INFOGRAPHIC)
Here’s the latest installment of our country-by-country top-funded startups series – Singapore. As Singapore’s startup ecosystem grows, we have seen some new entries in this list in relation to the...
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11 popular online shopping sites in the Philippines
Photo credit: Maria Elena Talk about the hottest ecommerce markets in Southeast Asia, and the Philippines comes right at the top of the list. According to a 2014 study by Ken Research, the Philippines’...
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Merchants angry they’re not getting payments from Ensogo
Photo credit: Wikimedia Commons. For businesses selling online, getting on Ensogo’s marketplace is a way to boost their sales. Now some of them fear just the opposite happening as the ecommerce company...
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Ensogo fires half its team following financial woes
This week, we reported some trouble at Ensogo after merchants complained about not being wired the money paid by customers for purchases made on the site. Looking through the company’s recent...
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ASX clampdown on tech IPOs could impact Southeast Asia’s startups
Photo Credit: Pexels. Listing on the Australian Securities Exchange (ASX) might soon get much harder for tech companies, the Australian Financial Review reports today. This won’t just affect Australian...
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This startup seeks to thrive where Groupon failed
When Groupon launched the daily deals model in 2008, the idea resonated so well with people that it was, for a time, a darling of the tech world. Copycats spread like wildfire all over the globe. In...
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Ensogo, now a penny stock, halts share trading
Ensogo, the struggling ecommerce company that has seen its share price obliterated nearly down to zero, today saw its trading suspended (PDF file) on the Australian Securities Exchange (ASX) pending...
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Ensogo to shut all Southeast Asian marketplaces, lay off staff
Photo credit: Pexels. Ensogo’s already disappointing year has taken a turn for the worse. Today it announced it’s shutting down all business units in Southeast Asia and laying off staff. “Ensogo...
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Ensogo shuts Hong Kong office: report
On the day Ensogo said it would be shutting all its Southeast Asian marketplaces and laying off staff, it becomes clear that also extends to Hong Kong, where its store uses a different name. Photo...
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4 likely reasons why Ensogo collapsed
Ensogo’s office in Thailand has been padlocked. Ensogo – once one of Southeast Asia’s most promising ecommerce firms – yesterday gave up its battle to regain its luster, announcing the shutdown of all...
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Ensogo customers and merchants feel ripped off, but company has no answers yet
It’s like a storm that has swept through Southeast Asia, leaving a huge mess and scores of casualties. The Ensogo debacle continues as shoppers and merchants slam the company for shutting down its...
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15 biggest tech stories in Southeast Asia in 2016
Photo credit: Wikimedia. Before we turn the page to 2017, let’s take a refresher on the most talked about events of this year. From one startup’s spectacular failure to Alibaba’s shopping spree, here...
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