After the pandemic drove demand for remote services of all kinds, Chinese online education companies are building their war chests for another round of fierce competition, which investors say will likely continue until one emerges as the industry’s dominant player. After-school tutoring startup Yuanfudao told Caixin it had secured $300 […]
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U.S. holiday shoppers with money to burn covet secondhand luxury
The secondhand market includes online resale and traditional thrift stores such as Goodwill and Salvation Army, which are primarily offline. Collectively, the market is poised to reach $80 billion by 2029, according to online reseller ThredUp. When the pandemic shuttered brick-and-mortar stores, consumers found more options and better deals on resale marketplaces. […]