On the first day of the Double 11 shopping festival, Douyin E-commerce reported significant growth in transactions. The number of merchants with sales exceeding one million yuan increased by 74%, while those exceeding ten million yuan in store live-streaming sales saw a 96% year-on-year rise. The platform's initiatives, including consumer vouchers and traffic incentives, supported new and small-to-medium businesses in achieving these milestones. Growth was also observed across various product categories, particularly in apparel, beauty, personal care, and pet supplies, indicating active consumer spending during the seasonal transition. AI
RANK_REASON This is a report on sales performance for a specific e-commerce platform's shopping festival, not a new product release or core AI development.
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