11street Celebrates 3rd Birthday

Last update: 09/04/2018

By Mohammad Johari Yaakob

KUALA LUMPUR, April 9 (Bernama) -- 11street is celebrating its third birthday this month by giving customers the best of everything in threes.

Its Chief Executive Officer Hoseok Kim shared in a statement, over the past three years, the company has seen considerable growth in several facets of its business operations, from its products to its sellers. For instance, from 2015 to 2017, the company saw more than 300 per cent growth in total gross merchandising volume (GMV).

"We are thrilled to be celebrating this milestone as we are confident that Malaysia is set to see significant advancement of its e-commerce industry in 2018, and 11street intends to be at the forefront of this industry growth as we continue to meet the needs of Malaysian online shoppers and explore ways to enhance the shoppers´ experience," said Hoseok Kim.

11street has also experienced more than 200 per cent increase in the total number of sellers registered on its platform, as well as a growth of more than 160 per cent in its product listings from 2015 to 2017.

The top performing categories include Baby and Kids, Mobile and Tablets and Skin and Personal Care. On top of that, 11street has sold more than 500,000 food and beverages and service e-vouchers in 2017, it added.

To mark its third birthday, 11street will be sharing its success by offering its customers mind-blowing deals, exciting contests and a whole load of prizes and giveaways worth RM50,000 that are up for grabs.

From the 1st to the 13th of April, 11street is kicking off its Birthday Flash Sales that offers online shoppers products starting from RM3 and to top it all off, the platform is also launching an International Clearance Sale which offers express delivery within 7 days for all featured products from Korea.

--BERNAMA