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Taobao Instant Commerce's RMB50B Subsidy Fuels Record-High Turnover for 4,124 Food & Beverage Brands in 1 Wk
Taobao Instant Commerce officially launched a subsidy plan amounting to RMB50 billion last Wednesday (2nd), Chinese media reported.A week later, the latest data shows that 4,124 fo...
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Taobao Instant Commerce's RMB50B Subsidy Fuels Record-High Turnover for 4,124 Food & Beverage Brands in 1 Wk
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Taobao Instant Commerce officially launched a subsidy plan amounting to RMB50 billion last Wednesday (2nd), Chinese media reported.

A week later, the latest data shows that 4,124 food and beverage brands have reached historical highs in turnover as driven by the large consumption scenario, while the order volume for 2,318 non-food and beverage categories has doubled.

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