Douyin E-commerce Invests ¥5.5 Billion in Merchant Subsidies and Implements Burden-Reducing Measures in Q1
Social Media, E-commerce Teng Wong Social Media, E-commerce Teng Wong

Douyin E-commerce Invests ¥5.5 Billion in Merchant Subsidies and Implements Burden-Reducing Measures in Q1

On April 14th, Douyin E-commerce provided an update on its nine key merchant support policies. Following over ¥3 billion in cost reductions for merchants in January and February, the platform further increased its support in March, reducing commissions and costs by over ¥2 billion in that single month. This brings the total cost savings for merchants in the first quarter of this year to ¥5.5 billion.

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