Chinese Shopping Agents Cash in on Russian Currency Slide

A Gucci wallet of unverified origin listed on Taobao | Source: Taobao

Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian rouble rates before brands can adjust them. These shopping agents, known as “daigou,” stockpile the products before selling them at a profit to buyers back home.

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The China Edit | Taking China’s Temperature, Magazines, Hong Kong Protests, US Retailers Target Alibaba

May Wind Sculpture at the May Fourth Square, Qingdao | Source: Shutterstock

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.

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