Qoo10

Creditors file over S$198m in claims against troubled Qoo10, but only S$34,650 recovered

[SINGAPORE] More than S$198 million in claims have been submitted by creditors to the liquidator of beleaguered online marketplace Qoo10, but only S$34,650 has been recovered, according to minutes of ...

MAS has suspended Qoo10’s payment services since Sep 23.

Companies & Markets

Singapore High Court orders winding-up of embattled Qoo10; liquidators appointed

THE Singapore High Court on Nov 11 ordered beleaguered online marketplace Qoo10 to be wound up and for liquidators from AAG Corporate Advisory to take over management of the insolvent company.

The company will be allowed to make payments to fulfil outstanding claims, but cannot take on new payment obligations, says MAS.

Companies & Markets

MAS orders Qoo10 to stop payment services in Singapore

It was earlier reported that police were investigating the e-commerce platform and its subsidiary after complaints of delayed payments and delivery disruptions

The police said on Sep 12 that reports were lodged against Qoo10 and Qxpress and that they are investigating.

Singapore

Qoo10 under police probe as vendors lodge reports over delayed payments

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 e...

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