Online auctions are taking off in China with the increase of people coming online and total online transaction. A report recently released by Alibaba gives us a glimpse of some facts behind China’s booming online auctions (in Chinese).

According to the online auction report, Beijing, Shanghai, Hangzhou, Guangzhou, and Shenzhen are the top five cities that have shown greatest enthusiasm for online auctions.

Jade and jewelry, luxury goods, tea, wine and tonic, ink painting and seal carving, as well as real estate, remain the most popular categories of online auctioning platforms. Luxury items such as watches, bags, accessories, and designer clothes remain the most sold items.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.