An emerging rival to Alibaba’s online flea market trading platform Xianyu, two-year-old Zhuan Zhuan has become China’s second largest online resale marketplace by monthly active users. It has 17.5 million, big data service provide QuestMobile reported in October.
58.com, a Chinese classifieds platforms operator listed in the US, launched the Zhuan Zhuan online portal and mobile app in 2015. In April, Zhuan Zhuan received a $200 million investment from China’s tech titan Tencent, which gave Zhuan Zhuan further exposure to the online second-hand-commerce market. In particular, its second-hand mobile phone trading is now the most active one in terms of monthly transaction volume, thanks to partnerships with...
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