PricePanda Kicks Off Global Expansion in Mexico
19 NOVEMBER 2013
SummaryBerlin / Mexico City, 19th of November 2013 – PricePanda (www.pricepanda.com.mx), the leading price comparison website in South East Asia now starts its global expansion. First country on the list: Mexico. Being the second largest market in Latin America and offering a huge potential for economic development, it is no coincidence that Mexico is PricePanda’s first stop in Latin America.
Christian Schiller, CEO at PricePanda about the expansion into Mexico: “When we started PricePanda in 2012, we only had one goal: to re-structure today’s shopping information overload and to be a helpful guide through the jungle of different price offers from diverse e-commerce stores. At the same time, our platform also empowers e-commerce businesses, as we help them to convert their offerings into sales. Now, we are very happy to bring our service to Mexico. With about 118M inhabitants and a growing and increasingly affluent middle class, Mexico is one of the most promising and flourishing markets in Latin America.”
Also, the demographic structure plays PricePanda right into their hands, as 65.5% of the population are between 15-64 years old and therefore indicate a huge purchasing power. Having more than 70M internet users in the country underlines the Mexicans as increasingly tech-savvy as well. Schiller further outlines: “I am personally very bullish on the Mexican market; given the country’s economic prospects and the growing technical infrastructure, Mexico is an obvious first step for us in Latin America and will certainly become one of our strongest markets worldwide. We could not be more excited about providing total price transparency when shopping online in Mexico from now onwards and contributing with our service to this great community.”
PricePanda (www.pricepanda.com) was founded in 2012 by Christian Schiller and Louis Iskandar and is currently available in Mexico, Malaysia, Philippines, Indonesia and Singapore. Next to detailed reviews about consumer electronics including mobile phones, software, TV, audio kits and many more, PricePanda regularly updates their website so that customers can compare the latest electronic gadgets. Furthermore, PricePanda is available on the go for all iOS and Android devices.
For more information, please visit: www.pricepanda.com
About Rocket Internet
About Rocket Internet
Rocket Internet incubates and invests in Internet companies with proven business models. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Rocket Internet’s selected companies are active in a large number of countries around the world with more than 28,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.