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SINGAPORE - Singapore-headquartered e-commerce platform Qoo10 and its logistics subsidiary Qxpress are under police investigations, following complaints by vendors about delayed payments of thousands of dollars each and disruptions to deliveries by Qxpress.Police probe Qoo10 as vendors lodge reports over delayed payments
SINGAPORE - Singapore-headquartered e-commerce platform Qoo10 and its logistics subsidiary Qxpress are under police investigations, following complaints by vendors about delayed payments of thousands of dollars each and disruptions to deliveries by Qxpress. In response to queries from The Straits Times, the Singapore Police Force said on Sept 12 that reports were lodged against Qoo10 and Qxpress, and that it is investigating. Qoo10, which is backed by the likes of private equity firm KKR and e-commerce giant eBay, did not respond to ST's requests for comments. Both KKR and eBay declined to comment. Vendors told ST that Qoo10, which also has operations in Malaysia, Indonesia, Japan and Hong Kong, has failed to pay them on time. A spokesman for a haircare retailer, which declined to be named, said Qoo10 owes the company nearly $32,000. He added that the retailer removed its listings from the platform on Sept 12. «Previously, we were still able to receive payment from Qoo10, albeit with slight delays,» he said. Read more