Deal focus: VCs see value in secondhand luxury
Chinese online pre-owned luxury goods retailer Xinshang aims for scale with investments from GGV Capital, Joy Capital and Northern Light Venture Capital
Alibaba Group’s Idle Fish – known as Xian Yu in Chinese – is a C2C platform that allows customers to sell pre-owned items. Launched in 2014, it has received lukewarm response. The C2C model and non-standardized...
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