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MoneyMax, Japan firm to set up live e-auction site

It will allow Asean business buyers & sellers to bid for gold, luxury merchandise and diamond goods

Published Fri, Sep 22, 2017 · 09:50 PM

Singapore

PAWNBROKER, retailer and trader in pre-owned jewellery, watches and branded goods MoneyMax Financial Services is jointly developing Singapore's first online live business-to-business (B2B) auction platform with Japan-listed Aucnet.

The two companies signed the agreement on Friday.

Called SG e-Auction, the joint venture (JV) will operate and manage the platform which allows Asean business buyers and sellers to make electronic bids for luxury branded merchandise, gold and diamond goods. SG e-Auction will start operations early next year.

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