The second-hand e-commerce market is about to break through the trillion mark. Who will dominate the e-commerce market in the second half?

Very Online News on September 25, 2019. As traditional e-commerce gradually becomes saturated and the market economy slows down, the second-hand e-commerce market that was originally not taken seriously has become a new pursuit point for capital. China's second-hand market has also ushered in an explosive period of rapid growth. According to CCTV Finance, the transaction scale of my country's idle items has reached 500 billion yuan in 2017, and is still growing at an annual rate of 30%. It is expected that China's second-hand market will be in 2020. The market transaction scale will exceed one trillion yuan. With the support of various capitals, second-hand e-commerce platforms led by Xianyu and Zhuanzhuan have grown rapidly, and the second-hand e-commerce market has also begun a new round of competition.

From a global market analysis, the United States has less than a quarter of China’s population, but its second-hand market has reached nearly 2 trillion yuan. Due to the uncertainty of world economic development, the second-hand economy is growing globally. After becoming popular, second-hand e-commerce companies in Europe, Brazil, and Japan have been listed one after another, and their stock prices have soared, marking that second-hand e-commerce transactions have moved from behind the scenes to the front, and officially joined the large network of value chain circulation. China's second-hand e-commerce market is still a huge incremental market. According to public data, the transaction size of China's e-commerce market reached 28.4 trillion in 2018, and it is still expanding. There are a large number of redundant products in the market, which is a second-hand trading market. It provides basic guarantee for development and growth.

The 28/20 rule can be said to be most vividly reflected in the Internet field. 20% of the top platforms occupy 80% of the market. This is also the case in the competition of second-hand e-commerce. Today’s second-hand transactions The market is dominated by Xianyu and Zhuanzhuan. According to the "2018 China Second-hand E-commerce Development Report", Xianyu has the highest market share of 70.75, and Zhuanzhuan has a market share of 20.38%. Less than 10% of the market is left by many Small and medium-sized second-hand trading platforms are divided.

The "28/20 rule" can be said to be most vividly reflected in the Internet field. 20% of the leading platforms occupy 80% of the market. The same is true in the competition of second-hand e-commerce. In one scene, the current second-hand trading market is dominated by Xianyu and Zhuanzhuan. According to the "2018 China Second-hand E-commerce Development Report", Xianyu's market share reached a maximum of 70.75%, Zhuanzhuan's market share was 20.38%, and only less than 10% of the market is divided up by many small and medium-sized second-hand trading platforms.