{"id":5348,"date":"2024-09-24T00:00:00","date_gmt":"2024-09-23T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5348"},"modified":"2024-09-16T21:16:24","modified_gmt":"2024-09-16T13:16:24","slug":"daily-markup-1080-carousell-group-is-paving-the-way-for-sustainable-shopping-to-become-a-way-of-life-across-southeast-asia-and-beyond","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5348","title":{"rendered":"Daily Markup #1080: Carousell Group is paving the way for sustainable shopping to become a way of life across Southeast Asia and beyond"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf2VbuTP7MyPg8zQhK5AcYBW-D0pHbQA-TabUNJr1_6pNg2QdvgekhQWYGydZuTu6nYBUMdXk6_GeGYZTjUC5KoGhCTa6fXJmn2hdXX6OxZHyIEzGZW3RF2bpC2EK1hSKUBiu7XnR6cYW-lds_oVKhy7z5X?key=RnLjP_IeJ4Fo9_lYfcoX1Q\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: Carousell Group<\/figcaption><\/figure>\n\n\n\n<p><strong>No second thoughts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Consumers want to make a difference in the world too. One way to do this is by supporting a circular economy by purchasing secondhand items, also known as \u2018recommerce\u2019.<\/li>\n\n\n\n<li>Driving this change is 500-backed recommerce company <a href=\"https:\/\/www.carousell.sg\/\">Carousell<\/a> Group, and they are tapping into an estimated market revenue of at least US$1B in Southeast Asia.<\/li>\n\n\n\n<li>Founded in Singapore in 2012, the team has since expanded their presence from Southeast Asia to Hong Kong and Taiwan, with nine brands across five categories: goods, luxury, mobile devices, automobiles, as well as property, jobs, and services (the last three being a single category).<\/li>\n\n\n\n<li>CFO <a href=\"https:\/\/www.linkedin.com\/in\/jingjiaang\/\">JJ Ang<\/a> explained that these brands come together in an ecosystem that allows Carousell Group to provide customers with greater levels of assurance when making secondhand purchases.<\/li>\n\n\n\n<li>Carousell also provides secure ways to pay directly on their platforms and some brands have logistics partners for in-app delivery arrangements. The team strives to address two pain points for consumers when it comes to buying secondhand: trust and convenience.<\/li>\n\n\n\n<li>JJ shared, \u201cThese improvements all come down to enhancing the user\u2019s basic transactional experience, making recommerce as seamless as ecommerce.\u201d<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/3B2h8jL\">Tech in Asia<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>No second thoughts<\/p>\n","protected":false},"author":5,"featured_media":5349,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[45],"class_list":["post-5348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-carousell"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #1080: Carousell Group is paving the way for sustainable shopping to become a way of life across Southeast Asia and beyond - 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