Social e-commerce company, Ensogo, has announced that is is shutting down its operations in Southeast Asia. In a statement sent to Tech in Asia, Ensogo said that it "will no longer provide financial support to its subsidiary Southeast Asian flash sales and marketplace business units. All staff have been informed and communications will be made to customers in the coming days," The company also added that the decision was made "to preserve the company's cash for new investment opportunities." Ensogo started in Thailand in 2009 and entered the Philippines in July 2010. As of writing, Ensogo's Philippines website is still up and offering deals. Read more in our articles including "Ensogo to shut down operations in SEA" and "Banks, e-wallets face new BSP rules on digital payment fees".
Social e-commerce company, Ensogo, has announced that is is shutting down its operations in Southeast Asia. In a statement sent to Tech in Asia, Ensogo said that it "will no longer provide financial support to its subsidiary Southeast Asian flash sales and marketplace business units.
All staff have been informed and communications will be made to customers in the coming days," The company also added that the decision was made "to preserve the company's cash for new investment opportunities." Ensogo started in Thailand in 2009 and entered the Philippines in July 2010. As of writing, Ensogo's Philippines website is still up and offering deals.
Our coverage of ensogo ph includes: "Ensogo to shut down operations in SEA"; "Banks, e-wallets face new BSP rules on digital payment fees"; "Meta strengthens teen protections across Facebook, Instagram, and Messenger". Each article provides unique insights and information.