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Business deals

Singapore e-commerce platform acquires Indian peer ShopClues

Qoo10 paves the way for further expansion beyond Southeast Asia

A screenshot of the ShopClues website: The company was launched in 2011, in the early days of Indian e-commerce.

NEW DELHI -- Southeast Asian e-commerce platform Qoo10 has acquired Gurgaon-based online marketplace ShopClues, ending all speculation over the latter's future. According to a statement issued by ShopClues, the merger has been approved by the boards of directors and major shareholders of both companies.

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