Discussion keeps the world turning.
This is round table.
Second hand shopping is hotter than ever.
It's cheaper, greener, and definitely lighter on your carbon footprint.
But hold up, if it's all that good, why is turning secondhand into a profitable business so tricky around the world?
And the seventh China International Import Expo is where innovation takes center stage.
With global industry giants revealing their latest breakthroughs.
We have the freshest highlights from this year's cie, especially in the world of automobiles, coming to you live from Beijing.
This is Roundtable.
I'm He Yang.
For today's program, I'm joined by Steve Hatherley and Fei Fei in the studio.
First on today's show, ever wondered how China's secondhand economy is transforming the way we declutter our homes while making a positive impact?
With online platforms facilitating online listings and offline physical store pickups, it's easier than ever to turn your unused items into contributions for those in need.
With a 40% rise in secondhand brick and mortar stores across Chinese cities, as reported by cctv, it's never been easier to shop sustainably while giving back.
So let's take a look at how do these online platforms in China operate and integrate with physical storefronts?
Yeah, so in China, I think when it comes to secondhand shopping, what happened is we firstly have a lot of online platforms like Xianyu, the idle fish in direct translation or Zhuanzhuan or AI Huishou, and more platforms to name.
But then after a few years of development, they sure have witnessed very fast growth.
But in recent years, they started to open up physical stores offline at the same time.
And so right now I think Xianyu opened their first physical offline store for people to donate or for others to pick up secondhand items.
But then it comes to, for example, more developed platforms like Aihuishou.