June 28, 2014 (Sat): iBuy Group, the parent company of LivingSocial Malaysia, MyDeal Sdn Bhd and Dealmates, has emerged as the number one e-commerce player in Southeast Asia, based on turnover, according to a ranking by Business Inside Singapore, the Singaporean edition of a leading business and technology news website.
iBuy Group topped four other e-commerce sites to emerge as the winner in the ranking, with a turnover of RM394 million (S$153 million). iBuy Group is currently valued at RM423 million (S$164 million) and has operations throughout Southeast Asia as well as Hong Kong, through its eight digital properties: Beecrazy.hk, Deal.com.sg, Mydeal.com.my, Dealmates.com, LivingSocial.co.id, LivingSocial.com.my, Ensogo.com and Ensogo.com.ph.
“Being ranked as the region’s favourite e-commerce group is indeed a significant achievement for us. We will continue to work hard to provide the most compelling online shopping offerings to our customers in each of our six Asean markets” said Patrick Linden, co-founder & CEO, iBuy Group.
“This is indeed a milestone and we would like to thank our Malaysian customers who helped us achieve this by offering a 10% discount on All deals for a 3-day period (28-30, July 2014)”, says Mahesh Indru, Managing Director for iBuy Malaysia.