WeMakePrice
Founded Year
2009Stage
Bankrupt/Admin | BankruptTotal Raised
$486.65MRevenue
$0000About WeMakePrice
WeMakePrice operates an online shopping platform intended for buying and selling products. Its online shopping platform connects merchants to consumers by offering goods and services at a discount in categories of food, clothing, and merchandise. The company was founded in 2023 and is based in Seoul, South Korea. In July 2024, WeMakePrice filed for bankruptcy.
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Expert Collections containing WeMakePrice
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
WeMakePrice is included in 1 Expert Collection, including E-Commerce.
E-Commerce
11,401 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Latest WeMakePrice News
Sep 19, 2024
Today's date PM2.5 O₃ SHARE ABCDEFG SEOUL, Sept. 19 (Yonhap) -- Prosecutors questioned the CEOs of e-commerce affiliates TMON and WeMakePrice on Thursday as part of an investigation over massive payment delays to vendors on their platforms. TMON CEO Ryu Kwang-jin and WeMakePrice CEO Ryu Hwa-hyun appeared at the Seoul Central District Prosecutors Office for questioning on suspicions of embezzlement, fraud and other illegal acts. In late July, the e-commerce platforms owned by Singapore-based Qoo10 filed for court receivership due to liquidity problems that resulted in massive delayed payments to vendors on their platforms. The government estimates that overdue payments amount to 1.28 trillion won (US$959.6 million), affecting around 48,000 vendors. Prosecutors have since launched an investigation, accusing the CEOs of allowing the parent firm, Qoo10, to misappropriate 50 billion won from TMON and WeMakePrice's corporate funds to finance the takeover of the American online e-commerce platform Wish. They allegedly deceived vendors into continuing to do business on their platforms, even though payments to vendors could not be made as expected. Speaking to the press before the questioning, the TMON CEO claimed he had not seen any prior signs of potential payment delays and denied any involvement in Qoo10's acquisition of Wish. Following Thursday's session, prosecutors are expected to call in Qoo10 CEO Ku Young-bae soon for questioning. TMON CEO Ryu Kwang-jin speaks to reporters before entering the Seoul Central District Prosecutors Office for questioning on Sept. 19, 2024. (Yonhap) pbr@yna.co.kr
WeMakePrice Frequently Asked Questions (FAQ)
When was WeMakePrice founded?
WeMakePrice was founded in 2009.
Where is WeMakePrice's headquarters?
WeMakePrice's headquarters is located at 502 Yeongdong-daero, Gangnam-gu, Seoul.
What is WeMakePrice's latest funding round?
WeMakePrice's latest funding round is Bankrupt/Admin.
How much did WeMakePrice raise?
WeMakePrice raised a total of $486.65M.
Who are the investors of WeMakePrice?
Investors of WeMakePrice include Wish+, IMM Investment, NEXON and NXC.
Who are WeMakePrice's competitors?
Competitors of WeMakePrice include Coupang and 1 more.
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