Xiangwushuo’s platform finds a new home for secondhand goods

China

5 min read

Apr 05, 2019

By Li Yuan

@Xiangwushuo

This WeChat mini program doesn’t yet have a monetization strategy, but has still received over US$110 million in funding in one year

In early 2017, Xiangwushuo founder and CEO Sun Shuo gave away a well cared for desk, originally worth thousands of RMB, to a neighbor. The desk appeared at a fruit stall near his apartment a few days later. The peddler told Sun he’d found the item at a garbage dump.
Apparently, the neighbor had not wanted the desk, but was too polite to say no. The peddler had wanted the desk to sell fruit, but didn't know Sun no longer needed it. Inspired by this experience, Sun decided to create a platform that would better facilitate the exchange of secondhand goods.
Before Sun founded Xiangwu...

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Edited by Wendy Lovinger , Wang Xiao'e

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