What is We Make Price? We Make Price Review, Features

Founded in October 2010, We Make Price is a Korean e-commerce website specializing in daily transactions. The website sells a variety of products, from clothes to beauty products to bottled water, and its cumulative sales reached 40 billion won within 6 months of its establishment.

About We Make Price

We Make Price Co., Ltd. is a social e-commerce company established in Korea on October 8, 2010. It currently has more than 10,000 transactions per day, setting a new benchmark for Korea's social e-commerce industry. For five consecutive months in 2014, it ranked first in the e-commerce industry in terms of the number of visitors to its website and mobile applications, and the number of members increased by 137% compared to 2013. The transaction volume also grew rapidly and exceeded 150.07 billion won.

Target Market

We Make Price targets fashion-conscious consumers aged 20 to 30. We seek out trustworthy merchants for consumers and allow them to enjoy high-quality services at ultra-low discounts. We also provide partners (private enterprises, manufacturers, logistics industry, etc.) with the most efficient goods and services, becoming a medium for providing partners with high-quality Internet and mobile application promotion activities.

Development History

-In 2010, Namu Internet Co., Ltd. was established and the social e-commerce company "We Make Price" was listed.

-In 2011, the luxury shopping mall "Private Lounge" opened; Xu Min took office as the CEO and the We Make Price mobile app was launched; the industry's first "unused coupon return system" was implemented.

-In 2013, the company name was changed to We Make Price; the coffee chain "Wcaf White" was established; in 2013, it was selected as the "Most Wanted Company to Work For" by the INOB organization.

-In 2014, the company announced its new business philosophy of "We Make Price" and expanded its logistics center. It was selected as No. 1 in "E-commerce Mobile Application Usage Rate" by Nielsen Korea, No. 1 in "SNS Marketing Competition Rate" by the Korea Marketing Association, and No. 1 in "2013 Mobile Application Growth Rate" by Hankey.

-In 2014, We Make Price Chinese website "Weimeipu" was launched to provide Chinese consumers with overseas direct shopping services, providing a more convenient shopping method and a more relaxed shopping experience. You don't have to go to Korea to have Weimeipu bring the goods home for you.

-In 2015, the new channel We Make Price plus+ was launched; Weimeipu entered Tmall International; Weimeipu entered Taobao Global Shopping; Weimeipu entered JD Global Shopping; Weimeipu APP was launched.

-In 2018, We Make Price said they were working with Bithumb, the world's largest digital currency exchange, to support 12 digital currency payment transactions on its payment platform One The Pay, including Bitcoin, Ethereum and Litecoin.