Y Ventures to develop global buying concierge

Singapore’s Y Ventures Group has established a subsidiary to develop the Aora platform, a global buying concierge that will focus on cross-border purchases on behalf of consumers in Asia.

The group has also signed a memorandum of understanding with e-commerce logistics and communications service provider Singapore Post with the aim of collaborating on developing an e-commerce platform with last-mile delivery services, plus share data on buying trends and consumer preferences in new markets.

The group’s wholly owned subsidiary Luminore 8 will also focus on developing logistics-related technology and algorithms to enhance efficiency across the vertical logistics chain to accelerate the global expansion of both parties.

“This collaboration reflects SingPost’s commitment in building a strong ecosystem for e-commerce logistics,” sats Singapore Post VP Lee Hon Chew.

The Aora buying platform is slated for a limited beta launch late this year.


Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

Inside Retail Polls

The Best Shopping City in Asia 2019
Which Asian city offers the best retail experience?

FREE NEWS BRIEFS Get breaking news delivered