Chinese group purchasing giants announces aggressive growth targets
After the Chinese new year, different group purchasing giants have unveiled their targets for 2021. For example, Meituan aims to achieve a GMV of CNY 200 billion this year. Pinduoduo seeks to achieve a GMV of CNY 150 billion for its Agriculture division alone. The community grocery shopping startup Xingsheng wants to achieve a GMV of CNY 80 billion. It will be interesting to see what strategies will be used by these companies to achieve their goal.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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