Booming luxury segment seeing strong growth

In demand: Customers queue to enter a Christian Dior store in Beijing. China has become the largest luxury consumption market globally. — Bloomberg

BEIJING: With prices of luxury products rising and the popularity of livestreaming eCommerce blossoming in the country, secondhand luxury products are seeing strong growth in China.

China has emerged as a major market for new and secondhand luxury products with significant growth potential, but a sound industry standard has not been established yet.