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Taobao Instant Commerce's Group Buying Biz Reported to Launch Tmr in SH/ 2 Other Cities
BABA-W (09988.HK)'s Taobao Instant Commerce will initially launch a pilot program for its group buying business tomorrow (20th) in multiple central business districts across Sh...
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Taobao Instant Commerce's Group Buying Biz Reported to Launch Tmr in SH/ 2 Other Cities
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BABA-W (09988.HK)  +0.700 (+0.442%)    Short selling $3.60B; Ratio 16.232%   's Taobao Instant Commerce will initially launch a pilot program for its group buying business tomorrow (20th) in multiple central business districts across Shanghai, Shenzhen and Jiaxing, according to Chinese media. The pilot program will subsequently roll out in first- and second-tier cities nationwide.

The first batch of group-buying categories launched includes high-frequency consumption categories such as beverages, Chinese dinner and fast food chain, while brands encompass national chain restaurant brands like NAYUKI (02150.HK)  -0.010 (-0.813%)   , alongside local catering brands such as Xuji Seafood.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-19 16:25.)

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