Sales value of used items in China 2015-2020, by category
Used smartphone market in China
In recent years, China has had the most massive smartphone market in the world, with an annual shipment volume of more than 300 million units. The large inventory and rapid technology updates have led to a huge number of smartphones being discarded in China each year. In a 2020 survey, nearly two out of three respondents said they replaced their smartphones within two years, while 80 percent of the discarded phones were still functioning. As a result, China's second-hand smartphone market has flourished.In 2020, around 152 million smartphones were recycled in China, and the number is expected to triple by 2025. More than 60 percent of those who bought used smartphones purchased them online, while Xianyu, JD.com, and Zhuanzhuan were three of the leading re-commerce platforms consumers used for buying pre-owned phones.