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This 26-year-old from Hong Kong is transforming a ‘dinosaur industry’ — one luxury watch at a time - TL;DR CNBC

This 26-year-old from Hong Kong is transforming a ‘dinosaur industry’ — one luxury watch at a time

Publishing timestamp: 2023-03-23 21:05:56


Summary

Austen Chu, a young collector of luxury watches, was scammed multiple times when buying timepieces from the secondary watch market. His experiences led him to start Wristcheck, a consignment-based platform for luxury watches that offers more transparency and accessibility to younger generations. The platform charges lower transaction fees and has experienced significant growth since its launch in 2020. Chu advises others to dedicate themselves fully to their passions.


Sentiment: THE IS POSITIVE

Tickers: AAPLBABA

Keywords: apple inchong kongluxuryalibaba group holding ltdstart-up

Source: https://www.cnbc.com/2023/03/24/wristcheck-this-26-year-old-from-hong-kong-is-transforming-a-dinosaur-industry.html


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