Sales of luxury goods in mainland China fell`1% to 115 billion yuan ($18.5 billion) in 2014 compared to a year earlier according to Bain & Company.
French luxury products group LVMH and Google have agreed to work together to fight the sale of counterfeit goods online.
A decade ago, French lovers of high-end fashion would not have dreamed of buying a pre-owned luxury fashion accessory.
China may start levying taxes on an increasing number of luxury goods as part of the country’s efforts to push forward economic reform.
Currently the web’s largest store, online retailer Amazon could be on course to become the latest destination to shop luxury fashion.
Chinese shoppers are increasingly buying luxury goods in mainland China, turning away from high-end stores abroad and in Hong Kong.