A millennials love affair: China's second-hand luxury goods market booms

BEIJING: China's love for luxury is spilling over into the once shunned second-hand goods sector, with online stores surfing a wave of pent-up demand from shoppers, led by millennials, who have been forced into belt-tightening by the coronavirus pandemic.

Sun Shaqi displays a handbag during a livestreaming session for the second-hand luxury goods retail platform Plum, following the coronavirus disease outbreak, in Beijing, China October 7, 2020. Picture taken October 7, 2020. REUTERS/Carlos Garcia Rawlins A mannequin wearing a handbag is seen during a photoshoot for the second-hand luxury goods retail platform Plum, following the coronavirus disease outbreak, in Beijing, China, October 12, 2020. Picture taken October 12, 2020. REUTERS/Thomas Peter

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Hot stock: Wilmar slides 8.6% on heavy sell-off after China unit's market debutWILMAR International's share price took a dive as high volumes changed hands on Thursday - also the first day of trading for its newly listed Chinese subsidiary - prompting a query from the Singapore bourse operator. Read more at The Business Times.
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