Tag: 11st

11st

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A man walks past an Alibaba sign outside the company's office in Beijing on April 13, 2021. [AFP]

Chinese giant Alibaba emerges as front-runner to acquire 11st

China's Alibaba is the top contender to acquire SK Square's e-commerce company, 11st, after its failed IPO attempt. The Korean market's growth potential is attracting interest from Alibaba and other players.

2023.9.15

A display markets 11st’s annual promotion, which is scheduled to take place from Nov. 1 through Nov. 11 this year. [11ST]

Sales galore as life is set to return to normal

A number of sales events are taking place in Korea ahead of China’s Single’s Day and Black Friday in the United States.

2021.10.25

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11st transactions jump after Amazon tie-up

E-commerce company 11st said Wednesday its transactions selling overseas goods jumped 350 percent from Aug. 31 through Sept. 6 compared to the same period a month ago.

2021.9.8

A screen grab of the Amazon Global Store on 11st. [11ST]

Amazon comes to Korea through 11st

Retail giant Amazon started a new service for Korea Tuesday through 11st, an online shopping platform controlled by SK Telecom.

2021.8.31

Rex gets a Ray

A model holds a dog in front of a Kia Ray, donated by 11st to the Korean Animal Welfare Association. 11st announced on Monday that the car was donated using the proceeds from a charity event sponsored by the e-commerce platform.

2021.5.24

11st to invest ￦25 billion for 7.2% stake in Barogo

E-commerce operator 11st will acquire a 7.2 percent stake in delivery company Barogo with a 25 billion won ($22.73 million) investment.

2021.2.22

11st, WeMakePrice report net losses in 2020 despite online shopping boom

E-commerce operators 11st and WeMakePrice reported net losses in 2020, despite an online shopping boom amid the coronavirus pandemic.

2021.2.3

The Amazon DTW1 fulfillment center is shown in Romulus, Michigan. [AP/YONHAP]

11st could start carrying Amazon products from next year

Amazon has partnered with SK Telecom to directly ship products to Korean consumers. SK Telecom announced Monday that under the partnership, Korean consumers will be able to purchase Amazon products on the 11st website.

2020.11.16