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Ebay to enter luxury fashion in China with Xiu.com

Ebay Inc. (EBAY) has entered the luxury fashion market in China thanks to a deal with domestic high-end fashion seller Xiu.com, featuring 5,000 brands in apparel, handbags and shoes, said Steve Milton, a spokesman for eBay. The arrangement lets consumers in China buy new items from eBay merchants in the U.S. while Xiu.com handles sales, shipping...