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 inWith Chinese Characteristics
VC Liu Bo: The future of second-hand luxuries in China
TechNode spoke to the general manager at TusStar Ventures, which invested in second-hand marketplace Ponhu-Luxury in 2015.
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 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 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 inThe Numbers
Second-hand mobile phone user data is being sold in China for as little as RMB 10
Second-hand mobile phones have become a target for illicit data brokers, who recover deleted user data and sell it on the black market for as little as RMB 10 ($1.56). Even phones that have been formatted to prevent incidents like this are not immune to exploitation. According to reports, consumers sold over 30 million mobile […]
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 inNews
JD’s second-hand market shuts down 4 months after its launch
Editor’s note: A version of this post first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal. Kumai (Kumai.jd.com), the online second-hand goods market launched by China’s e-commerce giant JD (京东) only four months ago, will shut […]
Posted inNews
How E-Commerce Is Helping China Overcome A Fear Of Second-Hand Clothing
Tainiqi Zhu admits that the Chinese market might not be ready for second-hand clothing, but he’s willing to make a bet on its potential. “In mainland China, there’s a problem of trust and communication,” says Mr. Zhu. “And even after you convince someone, you still have to negotiate the price. There’s a huge culture of bargaining.” Mr. […]
Posted inNews
Second-hand Car Trading Platform Cheyipai Books $50 Million Round from Sequoia Capital
Cheyipai, a leading domestic second-hand car trading platform, announced on its microblog today that the company secured $50 million of capital injection led by Sequoia Capital and followed by Morningside Ventures, Matrix Partners, and CITIC Capital (source in Chinese). The fund will be used to optimize the user experience and establish service networks all over the country. Founded in 2009, the company’s […]