China’s Hottest New Investment: Overpriced Sneakers

The phenomenon is spurring quick growth in Chinese sneaker-trading platforms.   SHANGHAI: Forget stocks, real estate, even cryptocurrencies — China’s hottest investment nowadays may be the Nike, Adidas, and Puma basketball shoes that “sneakerheads” like Hu Huaiyuan fight to get their hands on. Enthusiasts worldwide have fuelled an expanding bubble in high-priced sneakers, often limited-edition collaborations […]

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