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Meituan Instashopping's Sales Achieve Record Highs in Transaction Vol., User Orders, Per Capita Spending During Double 11
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MEITUAN-W (03690.HK)'s e-commerce platform Meituan Instashopping released its Double 11 full-cycle battle report. During the period from October 31 to November 11, the platform's transaction volume, number of user orders, and per capita spending all notched historical highs. Sales of nearly 400 categories, including mobile phones, baijiu, sports shoes and apparel, and sports cameras, spiked more than double YoY, with high-priced items showing remarkable growth, driving per capita spending up by nearly 30%. Data indicated that sales of over 800 brands, including Apple (AAPL.US), Huawei, XIAOMI-W (01810.HK), and KWEICHOW MOUTAI (600519.SH), doubled YoY. AASTOCKS Financial News Website: www.aastocks.com |
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