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Timepiece reseller platform WatchBox raises US$165m for global expansion
The US-based watch reseller, owned partly by Singaporeans and which has raked in revenues of US$1 billion since it started in 2017, has raised US$165 million of fresh capital, with most of the money coming from the United States, according to Singaporean Tay Liam Wee, WatchBox's chairman for the Asia-Pacific region, in a Zoom interview with BT recently.
A "sizeable" chunk of the latest capital injection in WatchBox is provided by well-known athletes such as basketball greats Michael Jordan and Giannis Antetokounmpo, who are also watch fans.