Xianyu

The end of subsidized food delivery services has led to a surplus of used electric scooters appearing on Chinese online marketplaces like Xianyu. This oversupply is a direct result of platforms reducing subsidies that previously incentivized delivery drivers to purchase the vehicles. The proliferation of used scooters indicates a significant shift in the economics of the food delivery sector.

Olympic swimmer Sun Yang was recognized while buying a rare Bandai RX-0 Unicorn Gundam bust on China’s Xianyu marketplace. The collectible, originally worth around $350, now trades for $360-$530. This purchase sparked discussion about collecting trends, contrasting Sun’s choice with the volatile market surrounding Labubu blind boxes, which have experienced a significant price correction after initial hype.