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 |
| 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) Franc Renzi (Chief Operating Officer) Garnok Cheung (Chief Financial Officer) Justus Wilde (Chief Strategy Officer) 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 Securities 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 Christopher Lau, chief executive and founder of Ecargo, the mission of the company is to help international brands develop and grow their online businesses in China. [6]
On June 9, 2015, Ecargo expanded its executive team with the appointment of Franc Renzi, Garnok Cheung and Justus Wilde respectively, as Chief Operating Officer, Chief Financial Officer and Chief Strategy Officer. According to Christopher Lau, "Franc, Garnok and Justus bring an impressive track record of achievement in retail, finance and digital commerce. This further strengthens our ecosystem and positions eCargo well to deliver on the number of opportunities in the digital commerce and O2O landscape here in China and Australia."[7]
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 international fashion brands, retailers and operators, including Esprit, Jeanswest, Karen Millen, La Perla, Myer and Super Retail Group.
References
- 1 2 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.
- ↑ 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.
- ↑ ASX, “Setting the Stage: eCargo Expands Executive Leadership Team” ASX, June 9, 2015.