Community group-buying continues to grow strongly
Last year, consumer demand for fresh group purchasing by the local community increased. Investments in this area surged, with the community group buying market reaching CNY 75B in 2020 (+120.58% YoY). Here, the market is concentrated on the two-community group buying players Xingsheng Youxuan and Nice Tuan.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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