China and COVID-19 Weekly Update – 25/02/202...

eCommerce China’s second-hand eCommerce market (or ‘re-commerce’ market) is booming. Consumers are buying everything from used cars, to ‘lightly-used’ lipstick. The market is predicted to reach RMB 1.25 trillion (around $178 billion) in 2020, rising by 70% from RMB 742 billion in 2018. The biggest players in this space include Alibaba’s Idle Fish and Zhuanzhuan

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