29 Jul '15, 8pm

The Very Weird World Of China's Instagram Luxury Bag Mules vía @refinery29

The Very Weird World Of China's Instagram Luxury Bag Mules vía @refinery29

Though still largely unknown in the Western world, daigou has been a robust industry in China for a few years — with the market expanding 19 times between 2008 and 2012 . The word roughly translates to "buying on behalf of," referring to overseas agents that purchase and carry back merchandise to China. These services are available for anything from face creams to infant formula to luxury goods. But bags are the most commonly requested products due to their favorable pricing abroad and relatively light weight. These buyers generally charge a fee equivalent to 10% to 15% of the retail price for performing their duties — which are a mix between that of a personal shopper and a contraband mule. With an annual revenue of $15 billion , it's no surprise that many aspiring entrepreneurs are hopping on the daigou train. Attracting a clientele mostly made up of young professionals ...

Full article: http://www.refinery29.com/china-luxury-handbag-mules

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