iBuy under pressure, board orders US$216K monthly opex cut - See more at: http://www.digitalnewsasia, page-42

E88 is South East Asias no 1 Online Retailer and their market presence is growing qtr on qtr
Their sales are also growing qtr on qtr
most importantly their unique visitors are growing qtr on qtr and are up to 10M a month which should be 20M by Dec next year

Apart from a lack of profitability and negative EBIT which most of these online businesses seem to struggle with this is a very good punt

Based on their market position and the number of unique visitors they attract this should be worth $200m-$300m as it was previously at its highs