BlinQ to launch Luxury E-Commerce into SE Asia
SINGAPORE- Seasoned entrepreneur Bob Chua is back with his latest venture BlinQ, focussed on Asia’s booming luxury fashion e-commerce space. After two successful Big Data exits and an IPO on the London Stock Exchange, Chua aims to capture what he believes is a hugely untapped market.
The personal luxury market is currently estimated to be $300bn and will grow to $500bn by 2020. Close to 44% deriving from Asia according to McKinsey’s global fashion report.
“BlinQ uses AR and Algorithmic patterns to provide users with the latest trends and personalised fittings from their digital devices. It also allows users to choose how they would like to consume fashion, which may not necessarily be to buy, but to also rent, subscribe, or pay later for latest luxury designs from major and upcoming...