Merger shakes up China’s pre-owned luxury market
The merger of Zhuanzhuan and Hongbulin could transform China’s secondhand luxury market by improving authentication capabilities and addressing rising demand for affordable high-end goods.
Alexandra Lapp wears a Chanel tweed jacket, light gray Hermès Birkin leather bag and Chanel jewelry, all purchased secondhand. Image: Getty Images
Alexandra Lapp wears a Chanel tweed jacket, light gray Hermès Birkin leather bag and Chanel jewelry, all purchased secondhand. Image: Getty Images