QUOTE(allic @ May 9 2017, 10:26 AM)
sorry if this has been asked before, is GemFive no longer sells electronics stuff such as Handphones ? Whats their reason for doing that?
actually electronics stuffs are hot sale online stuffs among others, maybe it generate loss making (due to voucher/discount - abused by users..), so it close that department
but as some ppl do sense the smell gemfive may finally take down, as that biz DNA seems not quite matched with gemfive founder's father's tradisional Hong Leong banking biz...
ecommerce platform need to burn money for several years before can break even just to lure customers in, not to mention when start earning (imagine if a normal human already die starvation)
lazada made it for ultimate profit purpose by selling the company to alibaba after building large SEA customer base at the expense of investor money, luckily not dump into drain. that's y now seeing lazada no more giving out crazy coupon discount like in early day.