Chinese E-Retailer Allo Allo Emerges As One Of The World’s Most Valuable E-Commerce Companies In 2022. Read On To Know How.

By David Thompson

Oct 11, 2022 05:29 PM EDT

Allo Allo(Allo Allo) (Credit: Getty Image)

Chinese E-Retailer Allo Allo Emerges As One Of The World's Most Valuable E-Commerce Companies In 2022. Read On To Know How.

It was incepted in 2018 with the genuine intent to offer a wide range of refurbished tech products at the lowest prices to the general public.

The kind of insane growth and the level of even more insane success a few industries have gained over the years can be attributed to a myriad of factors. One includes the visionary ideas of the founders and entrepreneurs behind brands and businesses, but also, most importantly, it is the incredible optimization of technology to lead these businesses to the top of their league and turn them into one of the most trusted brands and businesses around the world. Serving as one of the finest examples of one such business is Allo Allo, which is on its way to becoming the world's most valuable e-commerce company in 2022.

We got in touch with the founder himself Tonny Tan, who puts more light on what has helped Allo Allo to reach where it is today.

  • What has led Allo Allo to exponential growth levels?

There is a reason why Allo Allo today is seen as the world's most valuable retail brand of refurbished technology. I attribute its success to a combination of the latest tech, low prices, and a current ecological approach. In 2013, I, as the founder at Icon Globe Trade Group successfully ran it as one of the world's leading distributors of refurbished products for professionals, but in 2018 in the form of Allo Allo, I made these products available to the general public. With my robust team, I ensured to provide Icon Globe Trade Group's most public presence during the company's journey from start-up to global e-commerce powerhouse.

  • Tell us something that strikes you notable about customers and their evolution?

I think major credit must go to the internet, as people today know what's popular worldwide. For example, I have noticed how Gen-Z does not care about big brands as they prefer unique things and new brands of the current generation. Also, they tend to spend more on second-hand businesses and are more involved in anything that has a kind of environmental cause attached. Youngsters today are willing to improve their lifestyle by spending on refurbished Apple products, which presents huge opportunities.

  • What has helped you grow your refurbished business?

Egoleap is now seen as the largest B2B online refurbished technology company in the world, but back then, it was tiny compared to other competitors. The idea initially was to gather all China factories on Egoleap to create a common place to serve common customers with the best products/services and prices. I believe advertising focusing on promoting quality produce equal to the major multiples has helped in massive value proposition and resulted in a shift in the balance of power.

  • Tell us about the purpose of Allo Allo?

Allo Allo's purpose today is to enable consumers worldwide to access technology and the internet, giving them successful experiences and making them understand that buying second-hand is beneficial for the planet's future in addition to their wallet; it will benefit all of society.

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