News

On August 11, it was reported that on August 8 and August 9, the daily order volume share of Taobao Flash Sale surpassed that of Meituan for the first time. A person close to Meituan said that Taobao Flash Sale has no intention of slowing down its aggressive push, as the e-commerce profits are substantial enough to allow for lavish spending. "At this time, no business details are that important; as long as Taobao Flash Sale can maintain fulfillment efficiency and user experience during peak periods, that is sufficient." Multiple Meituan employees stated that they have long-term patience regarding competition, but there is also some dissatisfaction. A person from Taobao Flash Sale admitted that scale is very important at this stage, but he said that share growth is a natural process, and the current internal focus is still on improving efficiency. He said, "The management's requirement is — to maintain the pace, steadily enhance share, expand categories, and adjust structure." (Latepost)