Xinshang

Xinshang is a Chinese e-commerce platform that serves as a customer-to-customer marketplace for secondhand luxury goods, including bags, shoes, watches, clothing, and jewelry. The platform enables users to sell their used luxury items or purchase both secondhand and new luxury products at more affordable prices. Xinshang has experienced significant growth, reportedly achieving a monthly transaction value increase of 30% and capturing over 50% of the secondhand luxury goods market in China.