BALAAN is a luxury fashion market place that connects offline boutiques in Europe with shoppers all over the world. By changing distribution structure which contracts with major luxury boutiques in Europe, BALAAN has the strongest supply chain throughout entire Asia, covering over 1,000 fashion brands (3 billion USD value). BALAAN offers its goods at 30% cheaper than the price in European E-commerce (Net-a-porter, Farfetch, etc.) and delivers within 3 days. As a result, BALAAN has become a dominant player in Asian luxury goods market. In October, BALAAN established a strategic alliance with T-mall, and They are going to open Luxury fashion flagship store in January next year.
Location: South Korea
Sector: E-Commerce, Luxury Fashion Commerce