Ecargo
| Public | |
| Traded as | ASX: ECG |
| Industry | B2C supply chain, e-commerce, middleware, mobile commerce, tech consulting, SaaS, software |
| Founded | April, 2014 |
| Founder |
Christopher Lau John Lau Shek Yau |
| Headquarters | Hong Kong |
Key people |
John Lau Shek Yau (Founder and Executive Chairman) Christopher Lau (Founder and CEO) Rupert Myer (Director) Chris Ryan (Director) Heath Zarin (Director) Mike Mikkelborg (Business Development Director) John Muir (Sales Director) |
Number of employees | 100+ (2014)[1] |
| Website | www.ecargo.com |
eCargo is a China-based e-commerce solutions provider, providing on-demand e-commerce enabling and related services for retailers and fashion brands around the world. Ecargo acts as a “one-stop” enabler[2] for brand manufacturers and retailers seeking to sell their products online in China and gain exposure to China’s online consumers by providing integrated online and offline supply chain service and technology solutions.[3] Ecargo works "behind the scenes" to help international brands build or expand their presence in China on Alibaba Group’s Tmall, Tencent's Wechat and JD.com.[4]
History
Post-IPO (November 2014-present)
On November 28, 2014, Ecargo Holdings Limited began trading on the Australian Stock Exchange,[5] raising $30 million in its initial public offering, with an initial share price of $0.40 and initial market capitalization of about $200 million.
According to Lau, chief executive of Ecargo, the mission of the company is a simple one: to help international brands develop and grow their online businesses in China. "We have worked really hard to this point but this is only the beginning. The IPO will really help us as a business to grow by allowing us to attract very good talent and provide a transparent ownership structure" Lau told the China Daily.[6]
Products
Ecargo Enterprise Limited has developed the eCoreOS e-commerce platform,[1] which enables Ecargo to develop and manage multiple custom or marketplace digital commerce online storefronts for retailers and fashion brands.
Brands
As of 2014, Ecargo Enterprise Limited brands include many well-known international fashion brands, retailers and operators,[5] including Esprit, Jeanswest, Karen Millen, La Perla, Myer and Super Retail Group.
References
- ↑ 1.0 1.1 IPO Prospectus, http://www.ecargo.com/prospectus/ , September 18, 2014.
- ↑ Bloomberg, "eCargo CEO: I'm not worried about market volatility" Bloomberg, October 16, 2014.
- ↑ Inside Retailing, “eCargo launches IPO” Inside Retailing, September 19, 2014.
- ↑ Australian Financial Review, “eCargo seeks to ride Alibaba wave with Aussie IPO” The Australian Financial Review, September 19, 2014.
- ↑ 5.0 5.1 Yahoo Finance, “Today eCargo (ASX:ECG) Started Trading on the Australian Stock Exchange” Yahoo Finance, November 28, 2014.
- ↑ http://www.chinadailyasia.com/business/2014-11/27/content_15196204.html China Daily, November 27, 2014.