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.
Meituan faces a profit squeeze as Chinese regulators order platforms to cut fees to help small businesses.
Re-commerce, or secondhand shopping, is growing fast in China. But users are finding scams and counterfeits mixed in with the bargains.
Celebrities dominate livestream e-commerce sales pitches in China. But smaller-scale presenters are on the rise.
Slowing retail growth and competition from other shopping festivals took toll on China’s Singles’ Day.
This year’s Singles’ Day was a mix of milestones and setbacks.