China’s “re-commerce market” is predicted to reach RMB 1.25 trillion in 2020 as consumers shop for second-hand goods on online marketplaces.
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Posted inTurf Wars
Chinese second-hand car platform Renrenche denies bankruptcy rumors
Competition between China’s online used car sellers is increasing, as are public spats among players.
Posted inOn the Cusp
Alibaba’s second-hand app under fire over explicit messages aimed at user’s daughter
Police apprehended the sender after the user feared for the safety of her family.
Posted inUp and Comers
Chinese second-hand car platform Uxin accuses rival of faking revenue data
This is not the first time Guazi has been accused of unfair competition and attempting to mislead the public.
Posted inHeavy Hitters
JD-backed electronics reseller Aihuishou files for US IPO
Aihuishou, a Chinese electronics resale platform backed by JD.com, filed an application for an IPO on the New York stock exchange on Friday.
Posted inNews
JD is starting a second-hand e-commerce service “Paipai”
Chinese e-commerce behemoth JD officially released the “Paipai second-hand (拍拍二手)” brand, Chinese media 36kr is reporting. As the second-hand e-commerce market is growing bigger and seeing its arch-rival Alibaba’s second-hand e-commerce Xianyu is doing well in the sector, JD is making a move into the burgeoning but risky market. Paipai has built-in automatic valuation system to help […]
Posted inUp and Comers
Food delivery backlash, VCs snub e-commerce: Retailheads
Chinese food delivery giants draw public ire, Dianping’s symbolic retreat is made official; and VC interest in e-commerce wanes.
Posted inUp and Comers
Used car seller Uxin suspends staff after slashing salaries
Struggling used car selling platform Uxin is cutting salaries and suspending employees to cut costs amid the Covid-19 outbreak.
Posted inHeavy Hitters
Idle Fish used goods platform adds LBS to boost social buying
Alibaba-owned second-hand goods marketplace Idle Fish boasts 1.3 million interest-based communities, a key sales driver.
Posted inUp and Comers
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.
