Taobao Flash Sale launches a new brand "Taobao Convenience Store", investing 2 billion for the construction of the flash sale warehouse ecosystem.

Taobao Flash Sale officially launched a new chain convenience store brand "Taobao Convenience Store". This brand will be in the form of flash sale warehouses, based on the supply chain advantages of the Alibaba ecosystem, to provide consumers with a convenient shopping experience of "complete, 24-hour operation, and 30-minute delivery", and will officially go online to consumers on November 1st. In the future, Taobao Convenience Store will gradually cover more than 200 cities nationwide. In addition, Taobao Flash Sale will invest 2 billion special funds in the next year to help merchants create quality warehouses, promote product quality upgrades, strengthen logistics capabilities, and promote the continuous iteration of digital capabilities.