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.
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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.
Briefing: Auto platform Uxin narrows losses on swelling used car sales
The company seeks to increase its focus on its retail business to improve lower-tier city penetration.