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The evolution of iPower business model, from online selling to becoming a key service provider for other consumer goods companies
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In this week’s Small-Cap Spotlight, Lawrence Tan, iPower CEO, discusses the evolution of iPower from the growth of its online business to the development of its SuperSuite offering, using data analysis to refine product development, sourcing, logistics, and merchandising. Lawrence believes iPower will increasingly focus on providing services to other product companies and sees SuperSuite becoming a quasi SaaS offering facilitating all aspects of online selling for the company’s corporate partners.
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