Other Companies
During the dot-com boom of the late 1990s, Lai started the Internet-based grocery retailer which offered home delivery service, adMart. It expanded its product scope beyond groceries to include electronics and office supplies, but was shut down after losing between $100 and $150 million. Lai attributed this business failure to overconfidence and the lack of a viable business strategy. Admart.Asia (www.Admart.Asia), a popular free classifieds website covering Asia, is now no longer associated with Lai.
Read more about this topic: Jimmy Lai
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