Show notes
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. Sign up for Chinaccelerator 20 Demo Day Nov 24 at https://www.eventbrite.com/e/chinaccelerator-demo-day-20-livestream-20-tickets-188035859317?aff=podcastShow notes:2:43 - Introduction to James Tan4:21 - Transition from startup founder to venture capitalist6:06 - Introduction to Quest Ventures7:20 - Most rewarding achievements of running a marketplace9:37 - Why James is excited about marketplaces12:23 - The advantages of a marketplace over a B2C company15:41 - How to manage and control your marketplace17:55 - The most innovative marketplace models that James has seen20:28 - Is a marketplace in Southeast Asia a regional business?23:21 - The right time for marketplaces to internationalise25:53 - How should companies localise in Indonesia?31:31 - Where should Indonesian companies internationalise to34:13 - When should companies reconsider expansion35:13 - How to innovate the marketplace revenue model?40:11 - Does “marketplace” have a higher valuation multiple compared to e-commerce?Follow us on LinkedIn: https://www.linkedin.com/company/asia-startup-pulseTo join our listener group on WeChat, please add SOSV Helper (WeChat ID: sosvhero) and ask for the group invitation.Email us: [email protected] 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