by Homerun Nievera | HomerNievera.com |
Popular flash-sales site Ensogo has announced it is shutting down its operations across Southeast Asia. In a press statement, it said the Australia mother company will no longer support this business model but instead focus its cash on other new investments.
Having started its operations in Thailand, Ensogo was one of the first networked (SEA-wide) flash-sales sites in the region. In March this year, Ensogo in Singapore axed 22 of its 96 staff in an apparent move to a marketplace model. In almost the same time, I received an ‘offer’ to apply for the Philippine country head post. I declined.