Today, we are going to dig deeper into marketplaces again with James Tan, Managing Partner at Quest Ventures. Prior to this, James was co-founder and COO of 55tuan, a NASDAQ listed e-commerce group that grew to more than 200 cities and 5,000 employees across China.
Show notes:
2:10 Introduction to James Tan
3:48 Transition from startup founder to venture capitalist
5:35 Introduction to Quest Ventures
6:50 Most rewarding achievements of running a marketplace
8:40 What James was excited about marketplace
11:50 The advantages that a marketplace has to serve customers
15:08 How to manage or control your marketplace
17:00 The most innovative marketplace models that James has seen
19:22 Is a marketplace in Southeast Asia a regional business?
22:48 The timing for marketplaces to internationalise the business
25:00 How to localise in Indonesia?
30:58 The next market that Indonesian companies expand to
33:40 When should companies reconsider expansion
34:35 How to innovate the marketplace revenue model?
39:38 Does “marketplace” have a higher valuation multiple compared to e-commerce?
Many thanks to our guests James Tan; host Oscar Ramos; producers Eva Shi and Sagar Chaudhary; editor David; organizer Chinaccelerator; and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com
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