Alibaba may soon release group-buying products to compete with Meituan.

On the morning of September 9th, there was suddenly news in the market that Alibaba will officially announce the launch of a new group buying product and evaluation system the day after tomorrow, directly targeting the core business of Meituan. However, reporters learned that on Wednesday morning, there was indeed a heavyweight business launch event at Alibaba's Xixi C area in Hangzhou, with the event scheduled for half a day in the morning. However, Alibaba did not specify whether it was a group buying business launch event.