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BuySell Technologies

buysell-technologies.com

Founded Year

2001

Stage

IPO | IPO

Date of IPO

12/18/2019

About BuySell Technologies

BuySell Technologies (TYO: 7685) operates a service for the purchase and resale of secondhand materials, with a focus on at-home pick-up service. The company also operates e-commerce platforms, secondhand sale platforms, and more.

Headquarters Location

4-28-8 Yotsuya, Shinjuku-ku PALT Building 8F

Tokyo, 160-0004,

Japan

+81 03-3359-0830

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Latest BuySell Technologies News

As COVID-19 pandemic spurs a tidying-up frenzy, Japan's market for second-hand goods booms

Dec 14, 2020

As COVID-19 pandemic spurs a tidying-up frenzy, Japan's market for second-hand goods booms Toggle share menu Advertisement As COVID-19 pandemic spurs a tidying-up frenzy, Japan's market for second-hand goods booms Kinomos collected from private sellers are kept in boxes as they wait to be sorted at a Buysell Technologies warehouse in Funabashi, Chiba Prefecture, Japan. (Photo: Reuters/Kim Kyung-Hoon)  14 Dec 2020 09:31AM Bookmark TOKYO: When Japan announced a state of emergency due to the COVID-19 pandemic this year, people were urged to declutter their homes to pass the time, with Tokyo's governor even roping in household-organising celebrity Marie Kondo in promotional videos. Many have taken that message to heart and the market for second-hand luxury goods is booming as a result. Advertisement Mitsuko Iwama, a 71-year-old housewife, is a case in point. Pre-pandemic, she would have been spending a lot of time at the gym but after being stuck at home and cleaning her closets more often, she decided to part ways with kimonos that her parents bought her decades ago. Workers of Buysell Technologies sort kimonos bought from private sellers at their warehouse in Funabashi, Chiba Prefecture, Japan. (Photo: Reuters/Kim Kyung-Hoon)  Advertisement Advertisement "I thought it was a waste to leave the kimonos just hanging up, and if someone from a younger generation would wear them, that would make me happy," said Iwama, who sold 22 kimonos for 4,000 yen (US$38). Buysell Technologies, the company used by Iwama which collects goods from people's homes and resells them through online stores and at old-style in-person auctions, has been one of the biggest beneficiaries of pandemic-induced tidying. Buysell Technologies staff takes a photo of Mitsuko Iwama's kimono for assessment at Iwama's home in Tokyo, Japan. (Photo: Reuters/Kim Kyung-Hoon)  Advertisement Visits to people's homes surged 31 per cent to 20,990 in October from a year ago, the company said, adding that three-quarters of its customers are in their 50s or older, selling kimonos, luxury handbags and jewellery. Similarly, Mercari Inc, which operates a popular flea market app, reported a 52 per cent jump in sales for its July-September quarter compared with the same period a year earlier. Buysell Technologies worker sorts out stamps bought from private sellers at their warehouse in Funabashi, Chiba Prefecture, Japan. (Photo: Reuters/Kim Kyung-Hoon)  A surge in the value of gold this year as the pandemic spurred demand for safe-haven assets has also prompted people to sell rings and necklaces that had just been sitting around, adds BuySell Chief Executive Kyohei Iwata. Buysell Technologies worker assesses a gold ring bought from a private seller at their warehouse in Funabashi, Chiba Prefecture, Japan. (Photo: Reuters/Kim Kyung-Hoon)  "There's a term in Japanese, "danshari", which means minimise your life. People's mindsets have changed that way," he said.

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BuySell Technologies Frequently Asked Questions (FAQ)

  • When was BuySell Technologies founded?

    BuySell Technologies was founded in 2001.

  • Where is BuySell Technologies's headquarters?

    BuySell Technologies's headquarters is located at 4-28-8 Yotsuya, Shinjuku-ku, Tokyo.

  • What is BuySell Technologies's latest funding round?

    BuySell Technologies's latest funding round is IPO.

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