09/05/2020
PASSGO business model under Covid-19 Pandemic
Since the outbreak of the new coronavirus disease epidemic in January 2020, there have been continuous customs blocked and home orders in various countries. All business activities are stalled but we believe the impact of the epidemic is short-lived.
Passgo committed to becoming a global B2B second-hand mobile phone auction platform, reducing supplier management costs, increasing customer volume, a simple and easy-to-operate system, and a humanized design for industry characteristics so that any supplier can easily use.
In 2020, we believe that the second-hand mobile phone industry will undergo a new round of reshuffle. Under the double blow of the Internet and the epidemic, the traditional trading model will be eliminated. In the future, second-hand mobile phone transactions will usher in a more vertical trading model. Importers and agents will soon be eliminated. We expect the transaction value of the PASSGO platform to reach USD 100 million in 2020, accounting for 0.1% of the global second-hand mobile phone market.
