The invitation to the main page contains Multiply. As is known, Tokobagus [dot] com a classified ad website from Indonesia, while Sulit.com.ph come from the Philippines, which also offers classified ads service.
Both are companies that invested by Myriad International Holdings (MIH) / Naspers, which is none other than the investor Multiply.
After considering strategically, MIH decided to shut down the business marketplace, which acted Multiply. "Multiply is not expected to be able to achieve a leading position in e-commerce industry with a sustainable business model," Multiply wrote in a press release service closure on 26 April 2013.
Multiply the closing news instantly shocked e-commerce industry in Indonesia. Nevertheless, he concluded Multiply this service does not disrupt the predicted e-commerce ecosystem country.
Observer and director of internet business venture capital firms Ideosource, Andi S Boediman argues, Multiply closure will have a positive effect on e-commerce industry. "From the industry side, this will give Multiply closure will impact a lot of qualified human resources that suddenly spread to the entire e-commerce and the sharing of knowledge and experience of running an e-commerce," said Andi
In addition, employees who have experience about internet business is also expected to establish a new company. Investors will certainly have more confidence to those who already have experience running an Internet business.
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