Lates News

According to sources, on August 8th and August 9th, the daily order volume and market share of Taobao flash sale exceeded Meituan for the first time. A person close to Meituan said that Taobao flash sale is aggressively pushing forward without any intention of stopping, as the profits from e-commerce are sufficient and the confidence is high enough to spend. "At this time, any business details are not so important. Taobao flash sale can sustain fulfillment efficiency and user experience during peak periods, which is already sufficient." Several Meituan employees said they have patience for long-term competition, but also feel some dissatisfaction. A Taobao flash sale insider admitted that scale is important at this stage, but he said that the increase in market share is a natural process and the current focus internally is on improving efficiency. He said, "The management's requirement is to maintain the pace, steadily increase market share, expand categories, and adjust structures." (latepost).