E-commerce company Ensogo Limited
(ASX:E88) has managed a huge turnaround over the past 12 months announcing a jump in revenue and an aggressive growth strategy. Revenue for the 12 months came in at $64.8 million.
The company recently gained a major investor with leading Chinese online retailer Vipshop Holdings (NYSE:VIPS) buying a 12 per cent stake in the company.
Ensogo has more than doubled its gross turnover after expanding into Thailand, Phillipines and Indonesia.
A move from 5 technology platforms to s single IT platform has streamlined the company enormously and helped reduce operating expenditure.
