verseas both in terms of consciousness and actions However few Chinese Internet companies that have conquered overseas cities in recent years have Meituan What is holding Meituan back from going overseas What’s wrong with Meituan going to sea Compared with Meituan the overseas businesses of Alibaba Pinduoduo ByteDance etc are accelerating Especially Temu since its launch in North America in September it has rapidly expanded to countries and regions around the world with its lowprice strategy covering North America Oceania Western Europe Latin America Eastern Europe Japan South Korea
Southeast Asia and the Middle East and has become The Austria WhatsApp Number second curve of Pinduoduo’s growth With the rise of Temu the fully managed model it relies on has been imitated by Alibaba's AliExpress and Byte's TikTok Shop What is the fully managed model business model in which the seller is responsible for supply and the platform is responsible for store traffic operations and sales It can be understood that platforms that previously only provided infrastructure such
as venues and water electricity and coalcame to consumers and became the role of sellerswhile the original sellers assumed the role of suppliersWhy don’t ecommerce platforms overseas simply charge commissions to earn advertising fees like they do in China but instead have to go to great lengths to sell in person n it was first launched in July the GMV of live streaming in a single month was about to million By October the GMV of live streaming in a single month exceeded billion yuan This achievement pales in comparison to the huge investment .
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