DubaiConnect.ae - Economy

DubaiConnect.ae is providing resources for English speaking Business Professionals living in, visiting, or interested in Dubai and UAE. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on DubaiConnect.ae!

Video: Ronaldo Mouchawar on Souq, Amazon and what start-ups need to know

"We lost 80 percent of our revenue in one night," says Ronaldo Mouchawar, CEO and founder of e-commerce platform Souq. He's referring to the moment in 2011 when his company changed its initial auction model to a straight online shopping site. Thankfully, the move has long since proved to be the right one.