The secondhand econ 上海千花网 the internet era will

able more consumers to enjoy added value through new modes of business, advanc

 上海千花网品茶微信ed technologies and upgraded experiences”, according to industry insiders.

According to a report from market consultancy Big D

ata Research, the market volume of the country’s secondhand economy reached 202.54 billi 上海千花网

on yuan ($29.5 billion) in the first quarter of this year, a 5.5 percent increase year-on-year.

 上海千花网品茶微信”One important reason for the market rise is that the consumption upgrade is dri

ing changes in the consumption habits of younger generations, especially those born after 1990,” said He Fan, fo

under and CEO of Huishoubao, an app enabling the recycling of electronic devices online. 上海千花网

They tend to pursue lifestyles and have consumption habits that ar

 上海千花网品茶微信e more environmentally friendly, sustainable and fashionable, he said.

Another reason, according to Li Renjian from CITIC Capital, is that the use of advanced internet technologies including b

ig data and artificial intelligence has boosted the competitiveness of the whole sector. 上海千花网

Huafer, an online platform for secondhand maternity items developed by Par

terre Beijing Technology Co Ltd, is riding the wave by focusing on female users.

 上海千花网品茶微信Huafer offers new mothers a platform to buy and sell products that their babies no longer need.

“Unlike other secondhand products, those used by new mothers and babies are us

eful only for a short period of time,” said Zheng Xiaowen, CEO of Huafer. 上海千花网品茶微信

The Beijing-based company has proved a hit. Two years after it was established, the firm has more

than 1.9 million registered users and over 80,000 users have made transactions through its platform.

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