In October, BuySell Technologies established a joint venture with a local livestream-commerce operator through its Chinese subsidiary. Chairman Iwata Kyohei (岩田匡平) said the company would develop livestream commerce going forward.
BuySell Technologies, which operates a used-goods purchasing business, announced that it had established a joint venture with a local livestream-commerce operator. The joint venture was established through the company’s Chinese subsidiary.
Regarding trends in the reuse market, Chairman Iwata Kyohei (岩田匡平) pointed out that market attention is increasing against a backdrop of ongoing inflation and declining purchasing power in Japan, and said that more consumers are choosing used goods. He indicated that the company plans to develop livestream commerce as a new sales channel.