Business
09:51, 06-Jul-2017
Luxury handbags for rent in China
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Getting your hands on high-end bags from top-tier luxury brands has never been easier in China.
People who want to rent luxury handbags like Louis Vuitton, Gucci, Chanel and Dior, can now do it through WeChat through Dou Baobao's account, a Beijing-based startup company.
Depending on the type of bag, users can pay anything from 99 yuan (15 US dollars) to 1,878 yuan (276 US dollars). The company, Dou Baobao, also charges users an additional 30-50 percent of the market price of the bags as a deposit.
Louis Vuitton handbags/ VCG Photo
Louis Vuitton handbags/ VCG Photo
Dou Baobao founder Cheng Kaiwen discussed his business model with Securities Daily in June, saying it offers "economic and environmental" benefits, and such services could help Chinese users distinguish between fake and real goods in an increasingly saturated market.
Shareable luxury services are the latest addition to China’s booming sharing economy after sharing taxis, bikes, umbrellas and many other products.