News Summary

During the height of the COVID-19 pandemic, community group-buying became a popular trend in China, allowing consumers to save money by placing bulk orders with friends and family. Major platforms like Meituan, Alibaba’s Taocaicai, and Xingsheng Youxuan were at the forefront of this trend. However, as the pandemic subsided and instant delivery services expanded, these group-buying platforms have begun to decline. Meituan recently shut down most of its group-buying operations, and Taocaicai has closed entirely, with Xingsheng Youxuan reducing its operations significantly. Pinduoduo remains the only major platform still offering group-buying services nationwide. The shift to instant delivery, offering groceries within an hour, is replacing the need for community group-buying.