Seems like things are moving along nicely.. Substantial holder...

Seems like things are moving along nicely..

Substantial holder is averaging down and sweeping up the weak hands of the retailers... (Another 1.5m traded today)

Business is booming with lots of new products with huge sales volume (Just browsing the site I can see plenty of products with 1000+ sold for a single item just recently. Hell one "Digital" item on Beecrazy had over 8000 sold..)

Comparing to LAZADA is pretty pointless when we're a flash buying site and they're an e-Commerce/Online Department Store. The margins on flash buying is a lot higher (GroupOn charges up to 50% for front page listings for example and we generally offer much greater discounts and earn more revenue from our Food and Beverage vertical that they don't have.)

The Branding is definitely becoming more popular, the mobile first push will benefit us in the medium term, and just recently I found out some friends overseas started using the sites quite regularly this year and thought of it as a local brand rather than an international entity.

Am I expecting great numbers in the next quarterly? Not really.. But if the Insto's keep topping up and increasing their holdings that has to be a good sign. Here is to hoping it's a steady climb from here as more people find out about the story.. if we can even follow a fraction of what VIPS achieved we will all be grinning.