Multiply moved to Indonesia
Multiply has relocated its global headquarters from Boca Raton, Florida, to Jakarta, Indonesia. According to dailysocial.net, Multiply has officially announced that it has moved its corporate headquarters from Florida to Jakarta after first confirming the move back in January. They choose Jakarta because the opportunity is so large. It’s such a fast growing economy. So many people are using Multiply in Indonesia. Indonesia is just such a vast ecommerce market that still has a huge growth potential. Multiply has offices in Gandaria 8 Office Tower 23 floors, roads Sultan Iskandar Muda, Kebayoran Lama, Jakarta.
Multiply also replace their current CEO Peter Pezaris with newly-hired Jakarta-based CEO Stefan Magdalinski. The company is also bringing all technical and product development from the US to Indonesia, and is currently hiring local engineers in Jakarta to lead the effort.
Multiply, launched in August 2004, was started as a social networking site for families and friends before Facebook existed. In June 2011, Multiply launched its Version 5.0 platform, giving Multiply and its users full e-commerce functionality. Multiply has about 2 million active users in Indonesia and more than 35,000 merchants on its site. It brings in about 20 million unique visitors each month, about 7 million of which come from Indonesia. Among the most active store players in Multiply are apparel, accessories, gadgets, baby stuff and food. Most of the sellers on the site are women and people trying to earn extra income despite already working full-time jobs.
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