The Czech start-up Retailys.com established a subsidiary, Retailys.com Pte, Ltd., in Singapore at the end of April 2018. This is the company’s second foreign branch after London. Retailys.com began operations in the second half of 2017 and recently participated in CzechInvest’s CzechAccelerator project, thanks to which it spent three months, from February to April 2018, in the August Global Asset Management accelerator in Singapore, where it had access to office space and services such as mentoring and entry to conferences, workshops and networking events. CzechInvest provided a contribution for airline tickets to the destination. The experience gained during the three-month stay in the Southeast Asia region led to the establishment of the local branch.
Retailys.com is focused on multi-channel online sales (so-called e-commerce omnichannel), which involves the use of a cloud system of the same name to enable easy administration of a practically unlimited number of internet shops in various languages and currencies, while addressing the specific characteristics of local markets. The system also enables automation of the listing of goods in the biggest global marketplaces such as Amazon and eBay, as well as automation of the administration of social networks and marketing activities in general.
More information is available in the attached press release from Retailys.