Core Viewpoint - The second-hand trading platform Zhuanzhuan has announced the closure of its peer-to-peer trading market, shifting to a model where transactions occur only through official verification and consignment, in response to rampant fraud and disputes in the current market [1][2]. Summary by Sections Closure of Peer-to-Peer Market - Zhuanzhuan will gradually shut down its peer-to-peer trading market, ceasing personal-to-personal transactions due to the challenges in addressing fraud and gray market issues [1][2]. - The platform will focus on transactions where individuals sell idle items to Zhuanzhuan, which will then verify and resell these items to consumers [2]. Verification and Recovery Process - The most popular verified products on Zhuanzhuan include various smartphones and tablets, with the platform's engineers providing convenient on-site recovery services [3]. - The verification process ensures that devices sold after inspection offer a level of assurance to consumers [3]. Business Model and Market Impact - Zhuanzhuan's model involves buying items at lower prices and selling them at higher prices, which is a standard profit strategy for the platform [4]. - The transition may negatively impact the domestic second-hand trading market, as competitors like Xianyu have not resolved the issues highlighted by Zhuanzhuan [4]. Timeline for Transition - Key dates for the transition include: - September 22, 2025: Gradual closure of the free market business and full shift to official verification services [5]. - September 22, 2025, 10:00: Closure of the free market product listing entry, retaining only official recovery and consignment options [5]. - September 29, 2025, 10:00: Gradual removal of free market browse and purchase options, with complete shutdown by 24:00 [5]. - By October 31, 2025: Extended customer service and after-sales support for orders from the free market during the transition period [5]. - After October 31, 2025: Closure of customer service and after-sales support, marking the official end of the free market business [5].