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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.

Merger shakes up China’s pre-owned luxury market
Alexandra Lapp wears a Chanel tweed jacket, light gray Hermès Birkin leather bag and Chanel jewelry, all purchased secondhand. Image: Getty Images

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