As a subindustry of Furong Xingsheng

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According to data in the first half of , the two platforms together account for more than % of the market share. However, compared with Meituan’s previous losses, Duoduo Maicai seems to have seen the light of day climbing out of the quagmire. According to Hayden Capital, Duoduomaicai will achieve overall profitability starting in According to conservative estimates, this business will contribute at least approximately RMB billion in EBIT to Pinduoduo by Perhaps this news will make Meituan feel more urgent, and it also explains why the major giants have never let go of this piece of fat.


Castration of the Old King In November , Xingsheng Youxuan completely withdrew from the Guangdong Australia WhatsApp Number market, and Xingsheng Youxuan COO Xiong Wei resigned soon after. Today, Xingsheng Youxuan only has Hunan, Hubei and Jiangxi provinces covering the country. the largest chain convenience store brand in Hunan Province, Hunan is the base camp where Xingsheng Youxuan made its fortune. In , under the background of seeking transformation, Xingsheng Youxuan established an assetlight business model of platform presale + user selfpickup, setting off an efficiency revolution in the supply chain. In , the black swan took off, and the community group buying track ushered in a big explosion. Relying on this trump card, Xingsheng Youxuan, which rose rapidly, was unparalleled in the limelight.





It was even regarded as a learning example by major companies such as Meituan and Pinduoduo. According to Chinese Entrepreneur, around , major Internet giants came to Xingsheng Youxuan's headquarters in Changsha to investigate and visit. Meituan immediately offered a high price of US$ billion to acquire Xingsheng Youxuan, but was rejected by the founder of Xingsheng Youxuan. Yue Lihua refused. However, at the end of , due to competitive pressure, it accepted US$ million in strategic financing from JD. It was also from this year that the New Three Groups headed by Meituan Youxuan, Duoduomaicai, and Taobao Maicai formerly Taocaicai poured in successively, together with Xingsheng Youxuan, Shihuituan, and Tongcheng Life. The old three groups compete for the market and start a moneyburning war.