Since it was established in late 2010, online shopping platform leader Multiply has seen exceptional growth in the number of online stores. June 18, 2012
Since it was established in late 2010, online shopping platform leader Multiply has seen exceptional growth in the number of online stores. Over the past year, Multiply in Indonesia has grown from 25,000 sellers in February 2011 to 85,000 sellers in early June 2012.
Multiply has an average increase of 3,000 new sellers per month, in addition to 20,000 new listed products. Multiply in Indonesia offers 17 product categories, with fashion, gadget, beauty and baby products as its most promising categories. The company maintains an aggressive and comprehensive education program to promote online shopping and address the need for safe and convenient online transactions.
Over the past 12 months Multiply has been very successful in forming important and strategic partnerships with renowned brands in Indonesia while still supporting the needs of small to medium businesses online. The success of these partnership programs has further fueled the exceptional growth rate.
In Indonesia, Multiply.com is presently the largest online market with 2.3 million registered users and 7 million unique monthly visitors. Having operated for a year and a half, the Indonesian office is Multiply’s largest operational unit.
The Multiply team in Indonesia has been actively participating in educating the market on e-commerce and supporting the sellers’s community. Offering comprehensive online shopping features which enables social interaction between buyers and sellers, the Multiply platform also accommodates the way Indonesians transact by implementing payment methods ranging from bank ATM, e-banking, mobile payment and credit cards. Multiply also offers buyer protection which eliminates the worry of shopping online, even for first time users.
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