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Business

Chinese 'daigou' purchases grow

SHANGHAI -- Chinese consumption of brand-name products via "daigou" agents is thought to have reached 55 billion to 75 billion yuan ($8.85 billion to $12 billion) in 2014, according to figures released Tuesday by U.S. management consulting firm Bain & Company.

     Daigou agents are overseas personal shoppers who buy goods and then ship them to Chinese customers placing orders over the Internet.

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