Douyin E-commerce has released data for the initial phase of its Double 11 shopping festival, indicating significant growth in merchant sales. From October 15th to 18th, the number of merchants whose transaction volume exceeded 100 million yuan, driven by consumer coupons, saw a 200% year-on-year increase. The platform's investment in consumer coupons and tiered support policies have facilitated business expansion for merchants of all sizes, with notable surges in sales from in-store live streams, specialized industries, and agricultural product belts. AI
RANK_REASON This is a report on sales performance and promotional data for an e-commerce platform's shopping festival, not a new product release or core AI development.
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