Multiply.com to shut down its business on May 31

April 30, 2013: Multiply, via its announcement on the website, announced that its business operation will be ceased after May 2013, for both marketplaces in Philippines and Indonesia.

Multiply.com is a vibrant Social Shopping destination and one of the largest online marketplaces in Southeast Asia. Last December, Multiply stopped providing the features of social networking and blogging and decided to shift its business to focus in e-commerce by providing buying and selling online platform in Southeast Asia.

According to its announcement, Multiply will maintain normal site operations through May 6, 2013. They will use the rest of May to make sure the all accounts are settled and that merchants receive full payment for all the transactions they completed on their platform. This will also provide our merchants with time to find and migrate to alternative e-commerce platforms, settle all payments on items bought and delivered, and to minimize disruption to their businesses.

Author: VSDaily Editor

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