Consumer Staples Aug 24, 2020 12:18 PM (GMT+8) · EqualOcean
In the first half of 2020, Xingsheng Youxuan's GMV exceeded CNY 10 billion, which was a five-fold increase over the previous year. The average daily order volume of the platform reached 8 million orders, the number of cooperative stores exceeded 300,000, and the number of new users increased by 4 times year-on-year. From CNY 800 million in 2018 to CNY 10 billion in 2019, and to break 10 billion in the first half of 2020, the scale and performance of Xingsheng Youxuan have expanded rapidly, and it is firmly in the first place in community group buying.

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