Tech Buzz China Insider • 19 implied HN points • 29 Apr 23
- The Community Group Buying industry has seen major players like Meituan and Pinduoduo dominate the market despite challenges, aiming for cost reduction and efficiency.
- The industry is projected to continue growing in 2023, with expansion into new markets and improvements in existing businesses contributing to its projected 50-60% GMV growth.
- Challenges faced by the industry include difficulty in balancing price and quality, limited target audience, and cost savings even with the use of big data.