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101: Wai Hong Fong, cofounder and chieftain of StoreHub

Wai Hong Fong is a self-professed geek, philosopher, former eBay retailer, and co-founder of StoreHub. StoreHub, a powerful POS system, shepherds old-school brick-and-mortar stores into the world of omnichannel, relational commerce.

As part of the Alibaba eFounders Program, Wai Hong shares his experience in the program.  He also addresses the world of commerce (both ecommerce and brick-and-mortar) in Southeast Asia.    

In today’s episode you’ll learn:

  • About Wai Hong’s unusual educational background
  • About his multi-million-dollar eBay business prior to StoreHub
  • About StoreHub
  • Wai Hong’s takeaways from the Alibaba eFounders Program
  • Wai Hong’s forecast for ecommerce in Southeast Asia
101: Wai Hong Fong, cofounder and chieftain of StoreHub
The Jay Kim Show : Entrepreneurship | Investing | Startups
The Jay Kim Show : Entrepreneurship | Investing | Startups
Wai Hong Fong, cofounder and chieftain of StoreHub
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What was your biggest insight from this week’s episode? Let Jay know in the comments or on Twitter: @jaykimmer.

LINKS FROM TODAY’S EPISODE

  • Read the full transcript from Wai Hong’s interview
  • Find Wai Hong on LinkedIn
  • StoreHub

DETAILED SHOW NOTES

  • (1:19) Wai Hong tells about his childhood and education
  • (3:40) Wai Hong’s business experience post-graduation and pre-StoreHub
  • (4:44) Jay and Wai Hong converse about Wai Hong’s business of selling on eBay
  • (9:49) Wai Hong tells about his move to China and how the idea of StoreHub came about
  • (12:28) The philosophy behind StoreHub
  • (15:20) Wai Hong explains why the starting point for StoreHub customers is the iPad point of sale.
  • (17:19) Wai Hong describes the typical StoreHub customer.
  • (18:27) Wai Hong clarifies how the iPad point to sale works
  • (20:18) StoreHub’s revenue model
  • (21:24) Wai Hong describes the StoreHub onboarding process
  • (24:49) StoreHub’s expansion plans
  • (25:32) Wai Hong’s disicusses the heavy investment currently taking place in Southeast Asia regarding wallets, banks, and payment processing
  • (28:33) Wai Hong’s forecast for the future of commerce in Southeast Asia
  • (30:37) Wai Hong shares takeaways from the Alibaba eFounders Program

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