PricePanda passes over 1,000,000 people to online partner shops
17 JANUARY 2014
SummaryBerlin/Singapore January 17th 2014 – PricePanda, the leading price comparison website in South-East Asia, has converted over 1,000,000 million people to shop online all over South-East Asia since its launch in 2012. This milestone is just the first step into the start of a successful new year. This year, e-commerce will continue to be one of the fastest growing markets in South-East Asia and especially the online marketers will see great potential in this region.
Berlin/Singapore January 17th 2014 – PricePanda, the leading price comparison website in South-East Asia, has converted over 1,000,000 million people to shop online all over South-East Asia since its launch in 2012. This milestone is just the first step into the start of a successful new year. This year, e-commerce will continue to be one of the fastest growing markets in South-East Asia and especially the online marketers will see great potential in this region.
According to a study by Accenture, there are expected to be 194M new internet users are by the end of 2020. Thanks to mobile technologies online shoppers can now gain an upper hand in comparing the broad online product range. In addition to this, PricePanda creates transparency and enables customers to find the best online offers right away. The ever-growing role of M-Commerce in South-East Asia has shown people´s desire to do their entire internet surfing on their mobile devices. Yet South-East Asians overall desire for digital drive varies among each country between 55% to 79% - far above the global average of 31%.
Christian Schiller, Global CEO of PricePanda, recently stated: “This year, we can expect to scale rapidly and reach further milestones. And converting 1M people to our partner shops is just the beginning. We are confident to face new challenges arising from the upward movements in Southeast Asia´s e–commerce market by inventing innovative ideas, better services and enlarging our market shares. The growth of m-commerce participation in the South-East Asia market shows the eagerness of consumers to take advantage of online opportunities. There is a clear demand for our services, especially helping customers to keep track of the increasing range of online product offers and to connect them with online merchants.”
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. PricePanda is continuously striving to provide its customers with the lowest prices on a transparent price-comparison platform. In addition displaying detailed reviews about consumer electronics including: mobile phones, software, TV, audio kits, health & beauty products and many more, PricePanda regularly updates their website. Furthermore, PricePanda is available on the go for all iOS and Android devices.
For more information, please visit: www.pricepanda.com
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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.