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Meituan shutters Youxuan in several regions, shifts focus to offline retail

After cost cuts and subsidy rollbacks failed to yield profits, Meituan is scaling back Youxuan to focus on an offline retail initiative under Xiaoxiang Supermarket.

3 mins read
  • Logging over 60 million orders during the 618 festival, Alibaba’s flash sale drive is reshaping its e-commerce playbook.

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    Alibaba hits quick commerce stride with Taobao and Ele.me

    3 mins read

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