China's used goods trader Zhuanzhuan hits $1.8b valuation after merger with Zhaoliangji

China's used goods trader Zhuanzhuan hits $1.8b valuation after merger with Zhaoliangji

Screenshots of Chinese online used goods trading platform Zhuanzhuan

Online used goods trading platform Zhuanzhuan, which is controlled by New York-listed Chinese online classifieds marketplace, has merged with second-hand mobile phone trading service Zhaoliangji.com to create a business worth up to $1.8 billion.