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> 11 street company having problem

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thesoothsayer
post Jun 25 2018, 02:27 PM

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That's too bad. Hope they don't abscond.
thesoothsayer
post Jun 25 2018, 05:27 PM

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QUOTE(iGamer @ Jun 25 2018, 04:16 PM)
Lazada got 7/14 days return policy, when buying more pricey items, better get option to return especially when we not sure the item really up to our expectation. 11 street with given coupon most of the time cheaper than Lazada.

Mostly only use shopee for very cheap items.
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Most of the things I'm buying, it's cheaper on 11street. Hope they don't bungkus.
thesoothsayer
post Jul 28 2018, 12:37 PM

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Hmm... that bad, eh? Met a relative whose wife's working there. Said the company's in pretty bad shape financially.

But this online retail platform game is a lose-lose for everybody except wise consumers and delivery companies. A lot of manufacturers and retailers being squeezed and the platforms are losing money trying to gain users through incentives like coupons.

Will be interesting to see who are the last men standing for online platform and brick & mortar retailers.
thesoothsayer
post Jul 28 2018, 02:42 PM

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QUOTE(NormalName @ Jul 28 2018, 02:17 PM)
Looks like they not making any money at all. Sad
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That's an understatement. Net loss of over 100M last year.

http://www.theedgemarkets.com/article/puc-...reet-down-rm40m
thesoothsayer
post Oct 13 2018, 08:31 AM

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Seems like it's getting worse. Some sellers have stopped sending stuff already, I think.

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