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Online buyers look abroad for luxury

(Global Times)

08:14, May 21, 2012

Chinese shoppers spent 15 billion yuan ($2.37 billion) purchasing luxury goods shipped from overseas via the Internet in 2011, according to the results of a recent survey conducted by Taobao.com, a leading online commerce platform.

Buyers from Shanghai, Beijing and Hangzhou spent the most on online overseas purchases.

Limited supplies and the absence of certain luxury goods in the mainland market has led consumers to use the Internet to look outside of China for luxury purchases, analysts said.

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