Press Statement: 11street En-route to Steady Business Growth and Opportunities in Malaysia

Since its launch in April 2015, 11street Malaysia has rapidly grown into a first tier eCommerce provider of an open-market platform with 40 thousand listed sellers, 13 million registered products for sale and 16 million monthly visits. “We are very pleased with the success and progress that 11street Malaysia has made in less than 3 years since its launch and we are confident that we will be #1 marketplace in Malaysia within the next 3 years”, said Hoseok Kim, CEO of Celcom planet. He said that the company is currently looking at various strategic options including funding from strategic partners to prepare for the next phase of accelerated growth. On a recent statement by Celcom planet, a provider of 11street Malaysia, the company stated that the shareholders remain aspirational on the growth potential of 11street Malaysia and are confident in the continued success in the Malaysian e-Commerce market. “Recently, SK planet has made a strategic decision to pick and choose battlegrounds where we can win and Malaysia is the battleground, one of the fastest growing and infrastructure-ready eCommerce markets in South East Asia”, said Sungwon Suh, CEO of SK planet.

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About 11street (www.11street.my)
11street is a trustworthy and convenient online marketplace that offers a great variety of products at competitive prices. It strives to revolutionise today’s consumers’ online shopping experience by making it more personalised and engaging. 11street has a diverse selection of product categories which are tagged on Fashion, Electronics, Groceries, Health & Beauty, Kids & Baby, Leisure & Sports, Home & Living and Books & Services including deal offerings like E-vouchers. 11street is also an optimised marketplace where its merchandising ecosystem, education and training programs can fully support sellers regardless of the size of their businesses. Established in Korea since 2008, 11street is now one of the top global e-commerce marketplace providers with 400,000 sellers serving over 30 million consumers worldwide with annual gross merchandising value of USD6 billion. 11street also has a presence in Turkey and Thailand. For more information, please visit http://www.11street.my.

Hoseok Kim, CEOof 11street (light) Hoseok Kim, CEO of 11street (light)

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