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Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
The Qoo-ler Way to Shop!
10 Reason why you shouldn’t move into SEA
or Singapore for Ecommerce business
Ver. 2015
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
8th ~10th most visited Web site in Singapore
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
3,750,000 daily page view
408,000 daily user
1,630,000 members
43,000 daily orders
“ We are No 1 in Singapore,
but it’s just beginning”
Sales Growth YoY : 80%
15M
Jan 2013
27M
Dec 2014
47M
Dec 2015
40,000 ~ 50,000 daily transactions
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
1. Customers don’t search
10% of transaction comes from Search.
70% of search query is Qoo10
“ Customers don’t search for
shoppping”
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
2. Customers don’t click
1% of transaction comes from Display Ads
“ Customers don’t react to
display Ads intended for
shoppping”
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
3. Advertisement cost is high
(most effective case)
10,000 clicks, 300 transactions, $5000 sales, $250 profit => USD $10000
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
4. Shipping cost is high (still depending on postal service)
Average transaction amount $20 but delivery cost $10
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
5. Fast migration to mobile
50% of browsing happens on mobile devices
40% of transactions comes from mobile App
“requires superb mobile
technology/operational
capability ”
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
Summary
1. Ecommerce business cannot grow by conventional search
campaign. (Waste of money, threat to initial set up)
2. Ecommerce business cannot grow through usual display
Ads campaign. (for the same reason mentioned)
3. Shipping cost or logistics infrastructure is expensive. It
may not be feasible to provide superb customer
experience because of higher cost. (setting your own is
another cost)
4. Mobile is a must. You need a superb mobile team ready to
change or modify mobile experience fast.
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
Success case or Recommendation
Your own platform Google/Facebook/Etc
Strong Financial back-up (eg. Rocket Internet)
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
Success case or Recommendation
Qoo10 store
platform
(Web, Mobile)
Qoo10 Search
Engine
http://www.onemart.sg/
http://www.cocomo.sg/
Copyright (C) Giosis Pte. Ltd. All Rights Reserved.
THANK YOU

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10 Reasons why you shouldn’t move into SEA or Singapore for E-commerce business?

  • 1. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. The Qoo-ler Way to Shop! 10 Reason why you shouldn’t move into SEA or Singapore for Ecommerce business Ver. 2015
  • 2. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. 8th ~10th most visited Web site in Singapore
  • 3. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. - 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 45,000,000 50,000,000 3,750,000 daily page view 408,000 daily user 1,630,000 members 43,000 daily orders “ We are No 1 in Singapore, but it’s just beginning” Sales Growth YoY : 80% 15M Jan 2013 27M Dec 2014 47M Dec 2015 40,000 ~ 50,000 daily transactions
  • 4. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. 1. Customers don’t search 10% of transaction comes from Search. 70% of search query is Qoo10 “ Customers don’t search for shoppping”
  • 5. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. 2. Customers don’t click 1% of transaction comes from Display Ads “ Customers don’t react to display Ads intended for shoppping”
  • 6. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. 3. Advertisement cost is high (most effective case) 10,000 clicks, 300 transactions, $5000 sales, $250 profit => USD $10000
  • 7. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. 4. Shipping cost is high (still depending on postal service) Average transaction amount $20 but delivery cost $10
  • 8. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. 5. Fast migration to mobile 50% of browsing happens on mobile devices 40% of transactions comes from mobile App “requires superb mobile technology/operational capability ”
  • 9. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. Summary 1. Ecommerce business cannot grow by conventional search campaign. (Waste of money, threat to initial set up) 2. Ecommerce business cannot grow through usual display Ads campaign. (for the same reason mentioned) 3. Shipping cost or logistics infrastructure is expensive. It may not be feasible to provide superb customer experience because of higher cost. (setting your own is another cost) 4. Mobile is a must. You need a superb mobile team ready to change or modify mobile experience fast.
  • 10. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. Success case or Recommendation Your own platform Google/Facebook/Etc Strong Financial back-up (eg. Rocket Internet)
  • 11. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. Success case or Recommendation Qoo10 store platform (Web, Mobile) Qoo10 Search Engine http://www.onemart.sg/ http://www.cocomo.sg/
  • 12. Copyright (C) Giosis Pte. Ltd. All Rights Reserved. THANK YOU