E-commerce retailers ditch presales ahead of '618' shopping spree
Jun 4, 2024
26:38
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Exploring Chinese online shoppers' preferences on e-commerce platforms, innovations for '618' shopping festival, decline of pre-sale models, and e-commerce branding strategies. Also, discussing a university weight loss course's transformational impact on students' health journeys.
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Quick takeaways
E-commerce platforms shifting away from pre-sale model for better shopping experiences before major events like 618 Shopping Festival.
Peaking University's weight loss course targets obesity with comprehensive curriculum focusing on theory, exercise, and nutrition for visible results.
Deep dives
The Evolution of E-Commerce Festivals
E-commerce platforms are moving away from the pre-sale model to enhance the shopping experience ahead of events like the 618 Shopping Festival. Consumers are gravitating towards platforms like JD.com for electronics and Taobao/T-Mall for everyday items, showcasing diversified shopping behavior. The 618 festival, initially focused on electronics, has expanded to include other major e-commerce platforms like Alibaba's T-mall, Pinduoduo, and Suning, making it a national shopping gala.
Shift to Consumer-Centric Practices
The elimination of the pre-sale model aims to simplify shopping experiences and promote healthier e-commerce practices. The shift reflects Chinese consumers' growing rationality and desire for straightforward approaches. E-commerce platforms are exploring alternatives like live streaming promotions, focusing on product value, affordability, and enhancing consumer experiences to maintain competitiveness.
Peaking University's Weight Loss Course
Peaking University's weight loss course, led by Associate Professor Zhang Xiao Yuan, targets students with a BMI above 25, focusing on those struggling with obesity. The comprehensive curriculum combines theory, exercise training, and nutrition education, resulting in visible weight loss results. The course fosters a supportive community and provides scientific approaches to weight loss, challenging the 'freshman 15' phenomenon and promoting a healthy lifestyle.
Seasoned Chinese online shoppers have seen it all – the sales tactics, the marketing ploys. Yet, they consistently gravitate towards particular e-commerce platforms for different product categories. What is it that compels them to make these choices? With a big ecommerce marketing event on the horizon, how are e-commerce marketplaces innovating to create captivating shopping experiences that keep customers coming back for more? / University course transforms weight loss journeys (21:50). On the show: Heyang, Li Yi & Yushun
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