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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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 ...

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »