" Li Feng said that the main income indonesia number details of the year now comes from the two platforms of Pinduoduo and Kuaishou. For merchants, building a brand will eventually cost more. In the current economic situation, larger sales and lower costs are what all merchants pursue, and are also the common requirements of a large number of small and medium-sized merchants for e-commerce platforms. In recent years, with the return of mass consumption to rationality, the sales of many high-premium brand products have declined. In order to regain the market, some high-premium brands have begun to cut prices sharply.

This is also an important reason for the rapid rise of Pinduoduo and Kuaishou in the past two years. In a rational consumption channel, excessive pursuit of brand premium is not feasible, and only cost-effective products have a way out. The sales of white-label products have soared in the past two years. This logic also applies to this. Should e-commerce please merchants or consumers? Should e-commerce platforms pay more attention to merchants or consumers? It seems that there is no standard answer, but time and reality have given the final answer. As an old e-commerce company, Alibaba paid more attention to merchants in its early years, and "focusing on merchants and neglecting users" is also regarded as a major feature of Alibaba.