Alibaba-owned second-hand goods marketplace Idle Fish boasts 1.3 million interest-based communities, a key sales driver.
Briefing: Alibaba-backed used goods platform Idle Fish investing in content
The used goods resale sector has had its share of problems including counterfeit goods, merchandise quality, and even legal issues concerning the sale of endangered animals.
Briefing: Alibaba’s e-auction unit sales exceeded RMB 500 billion in 2018
E-commerce players and specialized verticals such as used car platforms are operating their own auction platforms.
Alibaba eyes lower-tier, overseas markets to power Singles Day growth
More than 500 million users are expected to participate in this year’s promotion.
Alibaba doubles quarterly net profit thanks to e-commerce and cloud
Alibaba revenue surges 42% on the year in the quarter ended June 30.