agree - there is likely a couple of capital raising rounds in 2016 but they seem to have two relatively deep pocket institutional anchor investors (fidelity and RBC). speaking for thailand, ensogo is a well known brand, and of course lazada. rumours are another e-commerce site will shut down soon (groupon last year), so i guess last (two) man standing wins, albeit bleeding profusely !
Ann: Update - Consolidation/Split - E88, page-10
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