In this episode, we go deep into marketplaces with James Tan, Managing Partner at Quest Ventures. 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.
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Show notes:
2:43 - Introduction to James Tan
4:21 - Transition from startup founder to venture capitalist
6:06 - Introduction to Quest Ventures
7:20 - Most rewarding achievements of running a marketplace
9:37 - Why James is excited about marketplaces
12:23 - The advantages of a marketplace over a B2C company
15:41 - How to manage and control your marketplace
17:55 - The most innovative marketplace models that James has seen
20:28 - Is a marketplace in Southeast Asia a regional business?
23:21 - The right time for marketplaces to internationalise
25:53 - How should companies localise in Indonesia?
31:31 - Where should Indonesian companies internationalise to
34:13 - When should companies reconsider expansion
35:13 - How to innovate the marketplace revenue model?
40:11 - Does “marketplace” have a higher valuation multiple compared to e-commerce?
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Many thanks to our guest James Tan; host Oscar Ramos; producers Eva Shi and Sagar Chaudhary; editor David Xu; organizer Chinaccelerator; and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com
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