Ticket Monster Archives - Inside Retail Asia

Amazon Korea could crash, say experts

As Amazon Korea gears up, analysts tip it will take the same path as Wal-Mart: failure and withdrawal.

12cm ‘smart stamp’ moves into FamilyMart

Korean O2O service company 12cm’s smart-stamp service has been launched at Japanese FamilyMart convenience stores.

Cooking shows drive late night retail sales

In South Korea, late night television cooking shows are driving an increase in online food purchases.

Middle-aged Koreans embrace mobile shopping

As grocery shopping through major retailers’ mobile shopping platforms is becoming a normal practice among Koreans, women in their forties are increasingly using mobile devices to buy their groceries. According to the Ticket Monster social commerce site, 73 per cent of the company’s female customers made purchases through the company’s mobile platform in the first quarter of the year. The figure represents a three per cent increase over the average for 2013 as a whole. Women in their…

US PE cos take control of Ticket Monster Korea

Anchor Equity Partners, KKR buy controlling stake in Ticket Monster Korea from Groupon.

Korean online sales overtake stores

The total trade volume of online retailers for 2014 surpassed that of large retail stores and department stores for the first time, said Statistics Korea. Although the overall trade volume through Korean online retailers stood at 45.24 trillion won (US$ 41.62 billion), which is slightly lower than the 46.63 trillion won (US$ 42.90 billion) trade volume for offline retailers, sales through foreign online retailers in 2014 reached 1.66 trillion (US$ 1.54 billion), which resulted in combined ove…

LivingSocial divests SE Asia businesses

Online marketplace LivingSocial has sold its Southeast Asian businesses. The buyer, iBuy Group, has acquired Ensogo Holdings and its subsidiaries for $18.5 million in cash including assumed liabilities. Ensogo and its subsidiaries include all of LivingSocial’s business operations in Thailand, Malaysia, Indonesia, and the Philippines. “This deal furthers LivingSocial’s strategy of reinvesting and focusing on its strategic growth plan,” the company said. “Our businesses have shown s…

Groupon completes buyout of Ticket Monster

Groupon has completed the acquisition of Korean e-commerce company Ticket Monster for $260 million. The Ticket Monster brand and leadership team will remain in place, including CEO Daniel Shin. The company will maintain its headquarters in Seoul, where it employs approximately 1000. Ticket Monster – known locally as TMON – was founded in 2010 and has quickly grown into a leading provider of product, local and travel offers in Korea. On November 7, Groupon acquired LivingSocial Korea…

Groupon snaps up Korean concept

Groupon is acquiring Ticket Monster, a Korean e-commerce company owned by LivingSocial, for $260 million. The deal is expected to close in the first half of 2014. Ticket Monster – known locally as TMON – was founded in 2010 and has quickly grown into a leading provider of product, local and travel offers in Korea. TMON has consistently seen year-over-year billings growth in excess of 50 per cent, with annual billings of more than $800 million today. Moreover, approximately half of its s…