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