CN 2023 2nd-hand E-commerce Turnover RMB548.65B, Up 14%+ YoY

More and more Chinese consumers started to sell their idle items in recent years, and there has been a significant increase in the number of second-hand transactions conducted directly through the internet, according to Chinese media.

The second-hand e-commerce transaction scale in 2023 amounted to RMB548.65 billion, up 14.25% YoY, the report quoted data from Chinese e-commerce platforms as saying. The user scale was 580 million, up 25.26% YoY.