E-Commerce conglomerate Alibaba Group’s Xianyu Auction platform is gearing up its expansion in used luxury sales by cooperating with the China Certification & Inspection Group luxury identification centre. Xianyu inked a deal with the centre on Friday, saying it would work closely with the latter to regulate the quality of used luxury items.
“Together with the centre, we can control the quality of used luxury goods, effectively stopping fake goods entering our platform,” said Guo Zuli, head of Xianyu’s luxury business department.
Under the agreement, Xianyu will launch a special section dedicated to the products, which have been approved by the centre as authentic. Shanghai-based enterprise data aggregator CBNData’s report shows that, this year, China’s used-goods market is expected to reach 400 billion yuan (S$81 billion).
The China Certification & Inspection Group luxury identification centre is the first independent body to provide such checks.