The company aims to ride the healthy growth of Thai e-commerce and active competition. Hong Cheol Jeon, 11street Thailand’s chief executive officer, said the company has been sharing in the growth of e-commerce in Thailand after launching its business here in February 2017. The firm is maintaining its $30-million marketing budget to boost transactions in the Thai market. He said normally there are three revenue streams for the company: transaction fee, advertising or product listing, and interest from the escrow system. “E-commerce trend is lifestyle based e-commerce.

Source: The Nation Bangkok November 07, 2017 18:00 UTC