29 Sep '11, 9am

LobangClub's Shen Guyi does not believe e-commerce will take off in Southeast Asia in the near future.

LobangClub's Shen Guyi does not believe e-commerce will take off in Southeast Asia in the near future.

If Mohammad can’t go to the mountain… September 29, 2011 by Terence LEE People build apps for various reasons. Some do it for sheer entertainment, some just want to show that they can. There are also those who want to build a great product, and others who want to make a statement. Shen Guyi, co-founder and CEO of LobangClub, certainly belongs to the latter category. ‘Lobang’ roughly means ‘deals’ in Malay, and the LobangClub app has a simple aim — help Singaporeans find a good deal. But he’s not running another daily deals company. In fact, Guyi is an e-commerce unbeliever, at least for Singapore and Southeast Asia. He believes that good ol’ brick and mortar stores are here to stay for a while. His app is designed to make physical stores even more attractive by giving users a more efficient, community driven way of comparing prices. So, how does it work? Suppose I want to ...

Full article: http://sgentrepreneurs.com/singapore-entrepreneurs/2011/0...

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