Taobao Flash Sale Subsidizes 50 Billion Yuan in the First Week: 4,124 Catering Brands Break Historical Peak in Business

According to the Finance APP, on July 2nd, Taobao's flash sale launched a subsidy plan with a total amount of up to 50 billion yuan. The latest data shows that under the influence of large consumption scenes, 4,124 catering brands have reached a historic peak in business, and 2,318 non-catering product categories have doubled their order volume. Taobao's flash sale subsidy plan has greatly stimulated consumer enthusiasm in various cities across the country, driving strong growth in business for local merchants.