April 20, 2024
Retail & Consumer
SK Planet tops e-commerce market in Turkey
[THE INVESTOR] The Turkish unit of the e-commerce platform run by South Korea’s SK Planet has eclipsed its rivals in terms of turnover for the second consecutive year in 2016, the company said on March 28.
The Turkish version of 11st, n11, saw its annual transactions grow by 23 percent on-year to US$563 million at the end of 2016, maintaining the lead from the previous year, SK Planet said in a statement. The number of its monthly visitors also grew by more than 20 percent to 18 million over the cited period.
The robust growth is largely attributable to an increase in both subscribers and sellers, which soared 33 percent to 8 million and 63 percent to 62,000 in the tallied period, respectively, the company said.
“We plan to further pioneer the online shopping market in Turkey by offering tailored services and a wider range of merchandise so it can become a win-win arrangement for the company as well as the sellers,” Cho Won-yong, the chief of the Turkish unit said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The Turkish version of 11st, n11, saw its annual transactions grow by 23 percent on-year to US$563 million at the end of 2016, maintaining the lead from the previous year, SK Planet said in a statement. The number of its monthly visitors also grew by more than 20 percent to 18 million over the cited period.
The robust growth is largely attributable to an increase in both subscribers and sellers, which soared 33 percent to 8 million and 63 percent to 62,000 in the tallied period, respectively, the company said.
“We plan to further pioneer the online shopping market in Turkey by offering tailored services and a wider range of merchandise so it can become a win-win arrangement for the company as well as the sellers,” Cho Won-yong, the chief of the Turkish unit said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
