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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Hong Kong Counts Cost of Protests on Core Shopping Districts

A jewelry store at a road occupied by pro-democracy protesters in Hong Kong | Source: Reuters

Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland Chinese tourists.

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