Tencent Alpha Tests Community Group Buying Product
Chinese tech giant Tencent has recently alpha tested a community group buying (CGB) applet "Exiangtuan" (鹅享团 Èxiǎngtuán) on WeChat.
2/21/20222 min read
Tag: #community group buying
Showing 12 of 15 posts with this tag
Meituan Merges E-commerce and Community Group Buying Business
Chinese food delivery giant Meituan's e-commerce business has recently been merged with the company's community group buying business, Meituan Select.
8/24/20222 min read
Didi Said to Consider Separate IPO for Its Community Group-Buying Operation
Chinese ride-hailing giant Didi Chuxing is reportedly planning to spin off its community purchasing business and launch a separate IPO for the platform, which allows buyers to obtain discounts by ordering groceries in groups and have them delivered to their neighborhood, according to tech media outlet The Information.
5/7/20213 min read
Meituan Expects More Red Ink in 2021 Following Expansion of Community Group Buying Business
Chinese food delivery platform Meituan reported better-than-expected fourth quarter and full year revenues but warned that continued investment in its community group buying business would likely lead to losses in future quarters.
3/29/20213 min read
ByteDance Raises Annual Goal of Local Life Services Business to 50B Yuan
ByteDance has raised the annual target of its local life services business to 50 billion yuan ($7.4 billion), which is higher than the target set at the end of last year.
Why is the Community Group Buying Model Surging in China?
People in China shop online for nearly everything. To expand the market size, China saw new opportunities in the community group buying segment.
12/15/20203 min read
Meituan's B2C E-Commerce Business Merged Into Community Group Buying Division
News emerged on August 31 that "Tuanhaohuo", a B2C e-commerce business group of Meituan has been placed under the community group buying division, and the original organizational structure of Tuanhaohuo is still retained.
Meituan's Community Group Buying Platform Shifts Into Next-Day Supermarket Delivery Service
On October 11, Meituan Select, a community group buying platform under Chinese tech firm Meituan, adjusted its brand positioning to a "supermarket with next-day delivery services."
Community Group Buying in Pandemic-Stricken Shanghai
For people in Shanghai during the latest lockdown, informal community group buying is proving to be a more effective strategy for obtaining food than online grocery platforms.
4/14/20224 min read
China’s Community Group-Buying Players Are Facing a Reshuffle, Signaling the End of the Fast-Growth, Cash-Burning Bubble Blown by the Country’s Big Tech
With several top players withdrawing from the competition, the bloated market is entering a new phase of consolidation.
10/5/20219 min read
Meituan Sets Up Special Team for Retail-Related Business
On Wednesday, Chinese web retail and services platform Meituan announced a new round of adjustments, including the establishment of a special group to make decisions regarding all retail-related businesses.
10/28/20213 min read
Didi's ChengXin Youxuan Shrinks Service Area
Chengxin Youxuan, a community group-buying grocery unit backed by Chinese ride-hailing platform Didi, began to scale back its business operations to nine provinces in only three regions, LatePost reported on Tuesday.
9/8/20213 min read