Page 20 - Martin Li News Today : Breaking News, Live Updates & Top Stories | Vimarsana

During the pandemic, almost all retailers in Asia established an e-commerce presence and adopted digital payments. But one thing that didn’t change was During the pandemic, almost all retailers in Asia established an e-commerce presence and adopted digital payments. But one thing that didn’t change was sourcing, say the founders of cross-border marketplace Markato. Retailers still need to travel to trade shows, cold e-mail new brands and fulfill orders by filling out forms and purchase orders. Markato wants to change that with a cross-border marketplace focused on independent brands that also lets them manage their Asia wholesale operations in one place. The startup is launching in Hong Kong today with $5 million in seed funding led by Lightspeed, marking the venture firm’s first investment in Hong Kong.

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