Chinese shopping “agents” cash in on ruble slide

Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian ruble rates before brands can adjust them.

These shopping “agents”, knows as “daigou”, stockpile the products before selling them at a profit to buyers back home.

These shopping agents are not new for Chinese shoppers, who often look abroad to buy luxury items to bypass steep import taxes at home.