The State of the Buy & Sell Market in Hong Kong – 2016

Swapit has seen some phenomenal growth in the year 2016 that has just passed. Our community has increased significantly and the activity on our marketplace is growing day-by-day. To ensure, we are addressing the right audience, we keep a close eye on how our users are using Swapit, what’s useful, what can be improved and especially what kind of content they like.

While we already see growing traction across the globe, our core user base is still in Hong Kong. So we have gathered all the products being posted on Swapit in 2016 and looked at their categorization. There is an interesting shift from our previous analysis in March 2016, but please have a look yourself:

swapit_trade-stats_2017-01_1440x1080

So our top 3 product categories are now:

  1. Fashion
  2. Jewelry & Watches
  3. Consumer Electronics

Compared to our previous chart from March 2016 that’s a bit of a shift. In March the top 3 categories were:

  1. Consumer Electronics
  2. Fashion
  3. Home Appliances

I am already excited how 2017 will turn out. We have some serious changes for Swapit in the making and our growth projections are even more exciting. Stay tuned for more on that!

Have you tried Swapit yet? Get it at: http://get.swapit.la/now

$100 Million on Swapit ↗️ 333% in a month

2016-09-19_100m

Just a little over a month ago Swapit’s GMV posted on our marketplace had surpassed $30 million, but now we just surpassed the $100 million. That’s an incredible growth if you consider that it took us 11 months to move from $1M to $30M of GMV posted on Swapit.

That’s up +333% over just the last month.

We’ve launched an app update in between, which made it easier to post items through our app, to promote it to your friends on social media and to discover new items (see Swapit Alerts and Make an Offer). At the same time, we’re adding more value for our users, which we prioritize mainly based on feedback we receive through surveys and direct conversations. It’s great so many reach out to me directly and that feedback makes it directly onto our feature list for upcoming releases.

So stay tuned for the next Swapit release. It’s just around the corner and will be launched soon!

Right, we’ve also given away a great prize to the winner of our INVITE+WIN campaign, we got accepted into the Cyberport Incubation Programme, .

You didn’t try Swapit yet? Download it for free at http://get.swapit.la

$30 Million on Swapit ↗️ 30,000%

2016-08-16_30m

Over the last weekend, Swapit’s GMV posted on our marketplace has surpassed $30 million. That’s an incredible growth if you consider that only 11 months ago we surpassed the $1M mark of GMV posted on Swapit.

That’s a total increase of +30,000% over the last 11 months.

Over the past two weeks, we’ve seen a very good number of new items being posted on Swapit due to our SELL+WIN promotion and perhaps the funny videos we published.

We are currently working hard on getting the next Swapit update to you. It will be Android beta 13 and iPhone beta 4. It will launch with a great new unique feature that utilizes our efficient buyer/seller matching based on our proprietary spacial algorithms, combined with instant push notifications. In the end, buyers will get a new way to customize their experience and sellers will be able to close deals faster. Stay tuned for the next update coming your way very soon!

You didn’t try Swapit yet? Download it for free at http://get.swapit.la

Swapit Traction Update – April 1st +82% User Growth in One Month

On March 1st we had a great 31,810 users on Swapit. Today on April 1st, 2016 Swapit has continued to grow to a good 58,138 users!

2016-04-05_traction-update_600

Compared to our last month’s 82% growth of users, we managed to grow at a surprisingly steady pace in the past thirty-one days at about 83% month-over-month.

Have you downloaded Swapit yet? It’s free to join the largest mobile community to trade pre-loved items in Hong Kong: http://get.swapit.la

Read up all historic traction updates from us here: https://swapitblogit.wordpress.com/category/traction/

Swapit Traction Update – March 1st +82% User Growth in One Month

On February 1st we had a great 17,481 users on Swapit. Today on March 1st, 2016 Swapit has made an incredible jump up to 31,810 users!

2016-03-04_31k_600

Compared to our last month’s 94% growth of users, we managed to grow at a steady pace in the past thirty days at about 82% month-over-month.

Have you downloaded Swapit yet? It’s free to join the largest mobile community to trade pre-loved items in Hong Kong: http://get.swapit.la

 

Read up all historic traction updates from us here: https://swapitblogit.wordpress.com/category/traction/

Swapit Traction Update – February 1st +94% User Growth in One Month

On January 1st we had a great 8,987 users on Swapit. Today on February 1st, 2016 Swapit is sporting 17,481 users!

2016-02-15_17k_600

Compared to our last month’s 80% growth of users, we managed to grow even faster in the past thirty days at about 94% month-over-month.

Have you downloaded Swapit yet? It’s free to join the largest mobile community to trade pre-loved items in Hong Kong: http://get.swapit.la

Swapit Traction Update – January 1st +80% User Growth in One Month

On December 1st we had a great 4,990 users on Swapit. Today on January 1st, 2016 Swapit is sporting 8,987 users!

2016-01-06_9k_600

Compared to our last month’s 60% growth of users, we managed to grow even faster in the past thirty days at about 80% month-over-month.

Have you downloaded Swapit yet? It’s free to join the largest mobile community to trade pre-loved items in Hong Kong: http://get.swapit.la