GEM COMM: Synagie Breaks New Record for 11.11 Singles Day with GMV Sales of more than S$3.0million
12 Nov 2019
GEM COMM: Synagie Corporation Ltd. (SGX: V2Y) (“Synagie”, “思腾控股有限公司”, the “Company”, or the “Group”), Southeast Asia’s leading e-commerce enabler assisting brands to execute their e-commerce strategies using its cloud-based platform, is pleased to announce that it logged more than S$3.0 million GMV sales during this year’s 11.11 Singles Day bonanza, recording an increase of approximately 3 times compared to 2018 in the 24-hour online shopping marathon.
Co-founder & Executive Director of Synagie, Ms Olive Tai said, “We are delighted to have maintained our positive momentum each year to meet the demands of millions of shoppers in the region during large-scale online shopping events like Singles’ Day, which has marked a new milestone for us as we set another higher record this year. The remarkable GMV sales performance within a 24-hour period has signified the continuous uptrend of e-commerce and the rising purchasing power of consumers and millennials. As the leading e-commerce enabler in Southeast Asia, we are poised to ride on the e-commerce boom and
look forward to setting more sales record in the near term.”