Examining the Fundamentals of the Marketplace Business Model with James Tan, Managing Partner at Quest Ventures

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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