Category: News Briefs

After going public, its gross margin jumped from just over 30% to more than 50%. Of course, it spent heavily on market expansion—about 20% of revenue. Roughly speaking, for each move, half of the fee goes to Huolala as an intermediary (including 20% for advertising and 30% as its intermediary income), while the other half goes to the moving师傅.

Revealing Huolala: The First Moving App for Young People—Does It Profit by Milking Drivers?

As of 2013, the sexual culture is relatively open, and you might come across prostitution anywhere, anytime. Visas aren’t easy to get—mostly short-term, typically requiring renewal every three months (though this is changing). Price inflation is pretty frightening: necessary living expenses can jump over 25% in just two months. Without a long-term rental, staying in a hotel costs an average of $1,500 per month for a six-month stay.

Original: https://levels.io/bootstrapping-startup-thailand/