GOAT

Oversupply of once-hyped sneakers like Jordans has caused resale prices to plummet, pushing smaller platforms out of the market and sending the bigger players scrambling to adapt.

Sellers are capitalising on the boom of ‘90s and early ‘00s vintage.

From fulfillment and logistics hurdles to local competition, international players face a range of challenges within the region.

Companies like The RealReal, StockX, Goat, Rebag and eBay are hiring more authentication experts to weed out counterfeit products. Finding enough qualified candidates is a struggle.

Goat and SoleSavy raised funds amid a frenzied sneaker resale market, but the two have different visions for the future of streetwear.