The luxury goods reseller’s recently formed Valuence Ventures unit has chosen e-commerce services group Lingble for its first investment.
Japan-headquartered luxury item resale service Valuence has formed a corporate venture capital subsidiary dubbed Valuence Ventures.
Founded in 2011, Valuence buys second-hand luxury goods such as watches, bags, antique items and jewellery through 76 retail stores located across its home country, Hong Kong and Indonesia. The company then holds online auctions to resell the purchased articles.
The size of Valuence Ventures’ fund has not been disclosed but it said it will partner and invest in companies working on technologies and…
