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     · Lei is not alone in embracing secondhand trading in China, also known as recommerce, to raise extra cash via online platforms such as Idle Fish. The trend has been turbocharged by apps that make selling preowned items simpler, the need to optimize space while living at home during the coronavirus pandemic, and as people adopt a more sustainable way of life. Statistics from Alibaba's ...

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     · The value of merchandise sold on China's largest secondhand platform, Idle Fish, doubled from 2019 to 2020 to ¥200 billion (31 billion). It has accelerated even faster this year, on track to hit ¥500 billion (77 billion). Similarly, sales on preowned luxury watch platform Watcheco rose sixfold in 2020. Other secondhand platforms have seen similar growth. Interestingly, it isn't just ...

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