In this class, I talk about the difficulty of moving luxury into ecommerce. And how Chinese consumers will likely determine who finally cracks this problem. Secoo and Farfetch are two companies that are on this frontier right now.
You can listen here or at iTunes, Google Podcasts and Himalaya.
Question: Will Farfetch or Secoo win in luxury ecommerce in China? Three factors to consider:
- What do consumers care about most?
- What do large luxury brands care about most?
- What do small luxury brands and boutiques care about most?
Related podcasts and articles:
- Should Starbucks Buy Luckin Coffee? Should Alibaba? HeyTea? (Jeff’s Asia Tech Class – Podcast 30)
- My Visit to JD’s E-Space: Is It a Game Changer for Department Stores in China? (Jeff’s Asia Tech Class – Podcast 10)
- #26: Advanced and Complicated New Retail
Concepts for this class:
- Platform Business Models: Marketplaces for Products and Services
- New Retail
- Online Merge Offline (OMO)
- SMILE Operational Marathon: Ecosystem Shaping and Management
- China Digital Consumer Network (CDCN)
Companies for this class:
- Farfetch
- Secoo
- JD
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I write, speak and consult about how to win (and not lose) in digital strategy and transformation.
I am the founder of TechMoat Consulting, a boutique consulting firm that helps retailers, brands, and technology companies exploit digital change to grow faster, innovate better and build digital moats. Get in touch here.
My book series Moats and Marathons is one-of-a-kind framework for building and measuring competitive advantages in digital businesses.
Note: This content (articles, podcasts, website info) is not investment advice. The information and opinions from me and any guests may be incorrect. The numbers and information may be wrong. The views expressed may no longer be relevant or accurate. Investing is risky. Do your own research.
