This paper describes an intelligent price suggestion system for online second-hand listings. In contrast to conventional pricing strategies which are employed to a large number of identical products, or to non-identical but similar products such as homes on Airbnb, the proposed system provides price suggestions for online second-hand items which are non-identical and fall into numerous different categories. Moreover, simplifying the item listing process for users is taken into consideration when designing the price suggestion system. Specifically, we design a truncate loss to train a vision-based price suggestion module which mainly takes some vision-based features as input to first classify whether an uploaded item image is qualified for price suggestion, and then offer price suggestions for items with qualified images. For the items with unqualified images, we encourage users to input some text descriptions of the items, and with the text descriptions, we design a multimodal item retrieval module to offer price suggestions. Extensive experiments demonstrate the effectiveness of the proposed system.

This paper presents an intelligent price suggestion system for online second-hand listings based on their uploaded images and text descriptions. The goal of price prediction is to help sellers set effective and reasonable prices for their second-hand items with the images and text descriptions uploaded to the online platforms. Specifically, we design a multi-modal price suggestion system which takes as input the extracted visual and textual features along with some statistical item features collected from the second-hand item shopping platform to determine whether the image and text of an uploaded second-hand item are qualified for reasonable price suggestion with a binary classification model, and provide price suggestions for second-hand items with qualified images and text descriptions with a regression model. To satisfy different demands, two different constraints are added into the joint training of the classification model and the regression model. Moreover, a customized loss function is designed for optimizing the regression model to provide price suggestions for second-hand items, which can not only maximize the gain of the sellers but also facilitate the online transaction. We also derive a set of metrics to better evaluate the proposed price suggestion system. Extensive experiments on a large real-world dataset demonstrate the effectiveness of the proposed multi-modal price suggestion system.

Different from shopping in physical stores, where people have the opportunity to closely check a product (e.g., touching the surface of a T-shirt or smelling the scent of perfume) before making a purchase decision, online shoppers rely greatly on the uploaded product images to make any purchase decision. The decision-making is challenging when selling or purchasing second-hand items online since estimating the items' prices is not trivial. In this work, we present a vision-based price suggestion system for the online second-hand item shopping platform. The goal of vision-based price suggestion is to help sellers set effective prices for their second-hand listings with the images uploaded to the online platforms. To provide effective price suggestions for second-hand items with their images, first we propose to better extract representative visual features from the images with the aid of some other image-based item information (e.g., category, brand). Then, we design a vision-based price suggestion module which takes the extracted visual features along with some statistical item features from the shopping platform as the inputs to determine whether an uploaded item image is qualified for price suggestion by a binary classification model, and provide price suggestions for items with qualified images by a regression model. According to the two demands from the platform operator, two different objective functions are proposed to jointly optimize the classification model and the regression model. For better training these two models, we also propose a warm-up training strategy for the joint optimization. Extensive experiments on a large real-world dataset demonstrate the effectiveness of our vision-based price prediction system.