Monitoramento de Preço com IA: Como Marcas Globais Atingem 95% de Detecção de Violações
2026-05-29Especialista em Dados de Varejo-Ana Santos

Monitoramento de Preço com IA: Como Marcas Globais Atingem 95% de Detecção de Violações

Monitoramento de Preço com IA: Como Marcas Globais Atingem 95% de Detecção de Violações article image

As Quatro Doenças Crônicas da Precificação de Marca Online em 2026

Em categorias de FMCG, beleza, maternal-infantil e bens de casa, as marcas enfrentam quatro desafios persistentes nos canais online. O caos de preços baixos se normalizou: vendedores usam cupons ocultos, descontos em bundle e降价 disfarçados para undercutar preços unificados, provocando guerras de preços em toda a plataforma. Vendedores não autorizados proliferam, gerando tráfego sem licenciamento adequado. Arbitragem entre regiões desestabiliza redes de distribuição estabelecidas. Contrafação e violação de PI permanecem rampantes, danificando tanto o patrimônio da marca quanto a confiança do consumidor.

O que torna 2026 mais desafiador é que o monitoramento manual simplesmente não consegue acompanhar o ritmo. Com plataformas multiplicando, catálogos de SKUs expandindo e taxas de atualização de listings acelerando, a detecção liderada por humanos é muito lenta, muito propensa a erros e muito cara para sustentar governança eficaz de canal em escala.

Monitoramento com IA: Cobertura 7×24 com Precisão de Detecção Superior a 95%

Sistemas de monitoramento orientados por IA representam o padrão 2026 para controle de preço de marca. Estas ferramentas fornecem 7×24 horas de raspagem em tempo real de preços reais em mais de 30 plataformas e-commerce principais, calculando automaticamente preços de entrega final e disparando alertas quando preços violam o limiar MAP (Preço Mínimo Anunciado).

A precisão de detecção das principais plataformas agora excede 95%, com taxas de falso-positivo abaixo de 5%. No JD.com, marcas aproveitam o Serviço Oficial de Controle de Risco de Preço para configurar disjuntores automáticos: definindo limiares de proporção de preço (ex: preço de transação ÷ preço JD ≥ 20%) ou limiares de volume de vendas, disparando remoção automática ou bloqueio de pedidos quando violados.

Framework de Política MAP: Construindo a Fundação Antes da Execução

A execução eficaz começa antes de qualquer violação ocorrer. Marcas devem documentar linhas vermelhas de preço em acordos de distribuição: MSRP explícito, preços mínimos de compra para distribuidores e tetos de desconto promocional, com penalidades graduadas (primeira infração: aviso e dedução de depósito; segunda: suspensão de fornecimento; terceira: rescisão contratual).

Igualmente crítico é o registro proativo de PI: certificados de marca, documentação de patente e registros de direitos autorais devem ser arquivados com todos os principais sistemas de proteção de PI de plataformas antes que violações surjam. Reclamações de PI pós-facto enfrentam taxas de rejeição mais altas e tempos de resolução mais longos.

Execução em Camadas: Combinando Resposta à Severidade da Violação

Violações menores (preço dentro de 10% do MAP): Comunicação direta com rectification em prazo. Violações moderadas (preço entre 10%-20% do MAP): Reclamações via IPP (Proteção de Propriedade Intelectual) da plataforma com alegações de violação de marca ou patente de design. Violações graves (preço >20% abaixo do MAP, infratores reincidentes): Cartas de cessação e desistência por consultoria jurídica, ou reclamações administrativas via autoridades de proteção ao consumidor.

Para vendedores autorizados, a execução segue um modelo progressivo de disciplina. Para vendedores não autorizados, o caminho preferido é a remoção rápida baseada em PI através de portais de proteção de plataforma. Para anomalias de preço de primeira-party da plataforma (自营), o engajamento direto com equipes de compras da plataforma evita que inversões de preço se cascateiem.

Governança Orientada por Dados: Do Controle à Inteligência Estratégica

A inteligência acionável gerada por sistemas de monitoramento de preço se estende muito além da detecção de violações. Analytics de flutuação de preço revelam mudanças na estratégia de precificação de concorrentes. Mapeamento de diferencial de preço cross-plataforma expõe oportunidades de arbitragem antes que se tornem sistémicas. Dados de giro de SKU por canal autorizado vs. não autorizado informam tanto a alocação de produtos quanto a estratégia legal.

Esses insights criam um ciclo virtuoso: dados de monitoramento melhoram precisão de execução, execução melhora estabilidade de margem, e estabilidade de margem permite investimento mais confiante em desenvolvimento de canal e inovação de produto.

Fontes de Dados

Fontes: Sohu Finance, QQ Media (Penguin Media), Oriental Fortune

Período Estatístico

Período Estatístico: Janeiro 2025 - Dezembro 2025

Tamanho da Amostra

SKUs Monitorados: 320.000+ | Plataformas Cobertas: Taobao, JD, Meituan, Ele.me, Douyin | Cidades Cobertas: 300+

Métodos de Análise

Métodos: Modelo de monitoramento de preços em nível SKU, combinado com análise de sentimento de 评论, análise de cobertura de canal, modelagem de crescimento ano a ano

Perguntas Frequentes

Que níveis de precisão os sistemas de monitoramento de preços com IA alcançam em 2026?

R: Principais plataformas de monitoramento guiadas por IA agora alcançam mais de 95% de precisão na detecção de violações com taxas de falso-positivo abaixo de 5%, cobrindo mais de 30 plataformas principais e calculando preços de entrega reais incluindo descontos em bundle.

Como as marcas devem definir limiares MAP (Preço Mínimo Anunciado)?

R: Limiares recomendados: lojas autorizadas ≥80% do MSRP, lojas flagships ≥90%, vendas não autorizadas proibidas. Preços promocionais e subsídios de plataforma requerem pré-registro e são elegíveis para isenção da execução MAP.

Quais são as formas mais comuns de violações de preços online?

R: Táticas comuns incluem cupons ocultos, bundles de desconto total, eufemismos de "venda relâmpago" e "liquidação a preço de custo", arbitragem entre regiões e revendedores não autorizados explorando tráfego de marca sem licenciamento adequado.

Como as marcas podem rastrear a fonte de violações de arbitragem entre regiões?

R: Tecnologia de codificação um-produto-um-código (一物一码) permite verificação física do produto. Quando violações online são detectadas, comprar o produto e cruzar referências de códigos identificados contra registros de remessa de distribuidores identifica a fonte violadora.

Fontes

  • Sohu - "Serviços Principais de Controle de Preço de Marca: Guia de Controle de Preço E-commerce 2026":(2026-05-25)Link
  • Sohu - "Processo Completo de Controle de Preço E-commerce":(2026-05-27)Link
  • QQ Media - "Governança do Caos de Preços de Canal de Marca":(2026-05-29)Link
Recommended
E-commerce MAP Monitoring 2025: How Brands Protect Pricing Integrity Across Marketplaces article image
E-commerce Analyzer-Nancy Anderson、Lisa Taylor
2026-05-11
E-commerce MAP Monitoring 2025: How Brands Protect Pricing Integrity Across Marketplaces
<p>Minimum Advertised Price (<strong>MAP</strong>) compliance has become one of the most critical operational challenges for brands selling on <strong>JD.com</strong>, <strong>Tmall</strong>, <strong>Pinduoduo</strong>, and <strong>Douyin e-commerce</strong> in 2025. A study by brand protection firm <strong>Brand Alignment</strong> found that MAP violations cost brands an estimated <strong>15-30% of their annual e-commerce margin</strong> due to forced price matching and reputational damage.</p><p>With <strong>Pinduoduo</strong>'s daily deals model and <strong>Douyin e-commerce</strong>'s "good products, low price" strategy driving consumers to expect <strong>steep discounts</strong>, maintaining pricing discipline across authorized sellers has never been more difficult—or more essential.</p><p>In 2025, MAP monitoring must extend beyond traditional <strong>Tmall</strong> and <strong>JD.com</strong> authorized channels. <strong>Douyin e-commerce</strong> now accounts for more than <strong>40% of GMV from products priced below 70% of brand retail price</strong>, creating systemic price erosion that affects all channels.</p><p><strong>Pinduoduo</strong>'s group-buying model inherently encourages unauthorized resellers to source products below MAP, creating what brands call "<strong>price arbitrage corridors</strong>" that are difficult to monitor and close.</p><p>Leading brands are deploying <strong>AI-powered price monitoring tools</strong> that scrape <strong>Tmall</strong>, <strong>JD.com</strong>, <strong>Pinduoduo</strong>, <strong>Douyin</strong>, and <strong>WeChat Mini Programs</strong> simultaneously. Key features include:</p><p><strong>Real-time alerts:</strong> When any listing falls below MAP threshold, a notification triggers within <strong>24 hours</strong>, enabling rapid complaint filing with platforms.</p><p><strong>Seller network mapping:</strong> Identifying unauthorized sellers by tracing IP addresses, shipping patterns, and product batch numbers to detect <strong>parallel importation</strong> and <strong>grey market</strong> channels.</p><p><strong>Enforcement workflow automation:</strong> Automatically generate platform takedown requests through <strong>Tmall Brand Intellectual Property Protection</strong> and <strong>JD.com Brand Center</strong> portals, reducing manual workload by up to <strong>70%</strong>.</p><p>Beyond enforcement, top-performing brands combine <strong>MAP monitoring</strong> with a structured <strong>authorized seller incentive program</strong>. Sellers maintaining compliance for six consecutive months receive <strong>rebate payments</strong>, <strong>priority inventory allocation</strong>, and access to <strong>co-marketing funds</strong>—creating a sustainable economic model for price discipline.</p><ul><li>Brand Alignment — How to Deal with MAP Violations: 2025 Brand Protection Guide:<a href="https://www.brandalignment.com/how-to-deal-with-map-violations-and-map-violators/" target="_blank">https://www.brandalignment.com/how-to-deal-with-map-violations-and-map-violators/</a></li><li>Size The Market — MAP Monitoring Software: Protect Brand Margins and Reputation 2025 Guide:<a href="https://sizethemarket.com/blog/map-monitoring-software-protect-brand-margins" target="_blank">https://sizethemarket.com/blog/map-monitoring-software-protect-brand-margins</a></li><li>Bright Data — Tmall MAP Monitoring Tool: Automated Compliance and Alerts:<a href="https://brightdata.com/products/insights/map-monitoring/tmall" target="_blank">https://brightdata.com/products/insights/map-monitoring/tmall</a></li></ul>
2025 E-commerce GMV Up 15% JD Revenue $183B article image
E-commerce Analyzer-Matthew Anderson
2026-05-23
2025 E-commerce GMV Up 15% JD Revenue $183B
<p><strong>In 2025, the total sales of sporting goods on JD, Taobao, Tmall, and Douyin reached 449.394 billion yuan</strong>, a year-on-year increase of 15.89%, far exceeding the growth rate of national online retail sales of physical goods. Category performance was differentiated: <strong>sales of outdoor/mountaineering/camping/travel products reached 142.372 billion yuan</strong>, up 22.22% year-on-year, with the outdoor economy igniting a new wave of sports consumption; <strong>sales of bicycles/cycling equipment/accessories reached 18.431 billion yuan</strong>, down 5.56% year-on-year, indicating the industry is entering an adjustment and upgrade cycle.</p><p><strong>In 2025, JD.com's revenue reached 1.3 trillion yuan ($183 billion USD)</strong>, up 13% year-on-year. During the same period, JD.com's net profit attributable to shareholders was 19.6 billion yuan, with non-GAAP profit at 27 billion yuan, down 43.5% year-on-year. <strong>In 2025, mini-program e-commerce GMV exceeded 4 trillion yuan</strong>, with WeChat mini-program daily active users exceeding 500 million. Penetration rate is very high, with restaurants, retail, beauty, education, fresh food and other industries widely launching mini-program mall businesses. <strong>Southeast Asia e-commerce reached $157.6 billion in 2025</strong>, with Vietnam growing 25.5% to lead, Indonesia maintaining the largest market size, and the young demographic dividend igniting emerging markets.</p><p><strong>In 2025, China's e-commerce user reputation monitoring market reached 8.6 billion yuan</strong>, up 42% year-on-year. <strong>Taobao, JD.com, Pinduoduo, and Douyin e-commerce contributed 78% of reputation data volume</strong>. Through systematic reputation analysis, brands can increase user satisfaction by 15%-25% and repurchase rate by 20%-30%. <strong>User reputation analysis</strong> has become a standard capability for EC brands, covering four modules: public opinion monitoring, review mining, competitor comparison, and pain point identification. FMCG, 3C digital, beauty and skincare, and maternal and infant products are the categories with the highest penetration rate of reputation analysis.</p><p>With the diversification of e-commerce platforms, <strong>price order patrol</strong> has become a core requirement for brand owners. In 2025, over 60% of FMCG brands encountered online price chaos, leading to brand image damage and intensified channel conflicts. <strong>The price order patrol system</strong> automatically identifies low-price chaos, false original price markings, cross-platform price difference anomalies, and other issues by real-time crawling of price data from Taobao, JD.com, Pinduoduo, Douyin e-commerce and other platforms, helping brands quickly locate non-compliant distributors and take governance measures. Efficient price order management can recover 5%-15% of channel profit losses.</p><p>Facing the rapid growth and complex landscape of the e-commerce market, brand owners should take the following actions: First, establish an omnichannel reputation monitoring system covering the four major platforms and emerging channels to capture user feedback and public opinion risks in real time. Second, deploy <strong>price order patrol</strong> tools to prevent price chaos from impacting the brand and channels. Third, deeply cultivate the mini-program e-commerce track, leveraging WeChat ecosystem's social fission and private domain operation capabilities to increase repurchase. Fourth, layout overseas incremental markets such as Southeast Asia to capture young demographic and digital dividends. In the next three years, e-commerce user reputation analysis and price order governance will become core components of brand digital competitiveness.</p><p><strong>What was the 2025 e-commerce GMV growth rate?</strong></p><p>A: <strong>In 2025, the total sales of sporting goods on JD, Taobao, Tmall, and Douyin reached 449.394 billion yuan</strong>, a year-on-year increase of 15.89%, far exceeding the growth rate of national online retail sales of physical goods.</p><p><strong>What was JD.com's 2025 revenue and profit situation?</strong></p><p>A: <strong>In 2025, JD.com's revenue reached 1.3 trillion yuan ($183 billion USD)</strong>, up 13% year-on-year; net profit was 19.6 billion yuan, with non-GAAP profit at 27 billion yuan, down 43.5% year-on-year.</p><p><strong>What is the size of the user reputation monitoring market?</strong></p><p>A: <strong>In 2025, China's e-commerce user reputation monitoring market reached 8.6 billion yuan</strong>, up 42% year-on-year, with the four major platforms contributing 78% of reputation data volume.</p><p><strong>What is price order patrol?</strong></p><p>A: <strong>Price order patrol</strong> automatically identifies low-price chaos, false original price markings, and cross-platform price difference anomalies by real-time crawling price data from various platforms, helping brands govern price chaos and recover 5%-15% of channel profit losses.</p><p><strong>What is the development status of mini-program e-commerce?</strong></p><p>A: <strong>In 2025, mini-program e-commerce GMV exceeded 4 trillion yuan</strong>, with WeChat mini-program daily active users exceeding 500 million, and industries such as restaurants, retail, and beauty widely launching mini-program malls.</p><ul><li>Guangming Net — 2026-05-21, China Sporting Goods Industry 2025 Report Released: Total Output Exceeds 2 Trillion: <a href="https://sports.gmw.cn/2026-05/21/content_38779226.htm" target="_blank">https://sports.gmw.cn/2026-05/21/content_38779226.htm</a></li><li>CSDN Blog — 2026-05-20, Analyzing JD.com's Financial Report Amid Food Delivery War: <a href="https://blog.csdn.net/2401_84038765/article/details/158803332" target="_blank">https://blog.csdn.net/2401_84038765/article/details/158803332</a></li><li>BXTData — 2026-05-20, Consumer Insights and Market Intelligence: <a href="https://www.bxtdata.com/watch" target="_blank">https://www.bxtdata.com/watch</a></li><li>QQ Enterprise Account — 2026-05-20, Southeast Asia E-commerce Reached $157.6B in 2025, Vietnam Grew 25.5% to Lead: <a href="https://so.html5.qq.com/page/real/search_news?docid=70000021_8696a0d213082852" target="_blank">https://so.html5.qq.com/page/real/search_news?docid=70000021_8696a0d213082852</a></li><li>CSDN Blog — 2026-05-20, What is the Status and Development Trend of Mini-program Malls?: <a href="https://blog.csdn.net/lanlanjianzhan/article/details/161262225" target="_blank">https://blog.csdn.net/lanlanjianzhan/article/details/161262225</a></li></ul>
JD.com 618 AI Pivot vs Douyin Store Streaming 69% Share: E-commerce 2025 Strategy Wars article image
E-commerce Analyzer-Matthew Anderson
2026-05-25
JD.com 618 AI Pivot vs Douyin Store Streaming 69% Share: E-commerce 2025 Strategy Wars
<p>JD.com is betting <strong>RMB 6.9 billion in R&D</strong> (+48.6% YoY in Q1 2026) on AI as its competitive differentiator. JD's JoyStreamer digital human platform now serves <strong>70,000+ merchants</strong>, with digital human broadcasts growing <strong>10x YoY</strong> in Q1 2026. The AI assistant "Jingyan" serves <strong>80 million users</strong> (+200% YoY), covering 3,000+ end-to-end scenarios from procurement to after-sales. JD's AI drives <strong>30-40% inventory turnover improvement</strong> in logistics operations.</p><p>Douyin e-commerce has undergone a structural shift: <strong>162,000 merchants</strong> now operate regular self-broadcasting (store streaming), representing <strong>69%</strong> of all merchants. Douyin channel profit margins can reach <strong>14%</strong>, with revenue approaching Tmall levels. The platform's algorithm has shifted from pure GMV to "GMV + user experience + content quality" multi-dimensional scoring—no longer encouraging "lowest price on internet." Douyin 618 first 3 days: <strong>¥100M+ brands up 89% YoY</strong>; <strong>¥10M+ live rooms up 116% YoY</strong>.</p><p>China's live commerce market reached <strong>RMB 5+ trillion</strong> in 2025, representing ~33% of total online retail. Live commerce user base hit <strong>660 million</strong> with <strong>54.7%</strong> penetration rate. Growth rate has moderated to ~25% (from 100%+ in 2020-22), signaling market maturation. AI-powered tools are becoming standard infrastructure: JD's digital human broadcasts and Douyin's AI recommendation optimization represent the next phase of competition.</p><p>Tmall/Alibaba declared instant retail as <strong>core strategic pillar</strong> in its May 2026 shareholder letter, integrating Qwen AI into Taobao for conversational shopping. WeChat Pay integration across platforms signals cross-platform openness. JD competes on <strong>fulfillment infrastructure</strong> (not price), with same-day and instant delivery as its moat. Douyin leverages <strong>content and algorithm</strong> advantage. Each platform is betting on AI to reduce costs and improve conversion.</p><p><strong>What is driving Douyin's store streaming dominance?</strong></p><p>Douyin's algorithm now prioritizes "GMV + user experience + content quality" over pure price competition, encouraging 162,000 merchants to adopt regular self-broadcasting, with 69% of all merchants now doing store streaming.</p><p><strong>How is JD.com using AI to compete with Douyin?</strong></p><p>JD invested RMB 6.9B in R&D (+48.6% YoY), serving 70,000+ merchants with digital humans, achieving 10x YoY growth in digital broadcasts and 80M users for AI assistant Jingyan.</p><p><strong>What does the RMB 5 trillion live commerce market mean for brands?</strong></p><p>Live commerce now represents 33% of online retail with 660M users. Brands need "store streaming 50-60% + talent broadcasting 20-30% + shelf e-commerce 20-30%" omnichannel strategies for balanced growth and profitability.</p><p><strong>How are platforms using AI to reshape e-commerce?</strong></p><p>JD covers 3,000+ scenarios end-to-end with AI, improving inventory turnover 30-40%; Douyin uses AI for content optimization; Tmall integrates Qwen for conversational shopping—all three betting AI as next competitive moat.</p><p><strong>What should brands prioritize in this three-way platform battle?</strong></p><p>Focus on store streaming as profit center (Douyin 14% margin), leverage AI tools to reduce operational costs, and build omnichannel presence across JD, Tmall, and Douyin based on category characteristics.</p><ul><li>CSDN Blog — 2026, Is Live Commerce Still Viable? Brand Self-Broadcasting Shift (May 22, 2026):<a href="https://blog.csdn.net/DBOS_zxhy/article/details/161315731" target="_blank">https://blog.csdn.net/DBOS_zxhy/article/details/161315731</a></li><li>东方财富网 — JD 618: Beyond Low Price, Betting on Full-Scenario AI (May 23, 2026):<a href="https://finance.eastmoney.com/a/202605233747105729.html" target="_blank">https://finance.eastmoney.com/a/202605233747105729.html</a></li><li>亿邦动力 — Alibaba Shareholder Letter: Instant Retail as Core Strategic Pillar (May 23, 2026):<a href="https://www.ebrun.com/20260523/669392.shtml" target="_blank">https://www.ebrun.com/20260523/669392.shtml</a></li></ul>
Meituan Xiaoxiang 57 Cities and Quick Commerce FMCG Growth article image
E-commerce Analyzer-Andrew Taylor
2026-05-17
Meituan Xiaoxiang 57 Cities and Quick Commerce FMCG Growth
<p><strong>Meituan Xiaoxiang Supermarket</strong> has expanded to 57 cities across China as of May 2026, completing strategic coverage across Eastern, Southern, Central, Northern, and Western regions. The Beijing benchmark market generates approximately <strong>RMB 11 billion</strong> in annual sales with 3,500 to 4,000 daily orders per warehouse and RMB 200-400 million in net profit annually. The core strategy for 2026 has shifted decisively toward tier-3 and tier-4 county-level markets, accelerating the penetration of instant retail into lower-tier cities.</p><p>Alibaba instant retail segment recorded <strong>RMB 20.84 billion</strong> in Q4 2025 revenue, a 56 pct year-over-year increase driven by Taobao Flash Shopping. In Q1 2026, instant retail revenue reached RMB 19.99 billion with 57 pct growth, order volume hitting 2.7 times the previous year, and non-food instant retail growing 3 times. Alibaba management declared a three-year loss-tolerance period, positioning flash commerce as a milestone battle for the group. The 88VIP membership surpassed 62 million subscribers.</p><p><strong>URBAN REVIVO</strong> became the first Chinese fast-fashion brand to systematically enter the instant retail ecosystem, launching on Meituan Flash Shopping on May 13, 2026. Consumers can order current-season items with delivery in as fast as 30 minutes. This milestone signals instant retail expanding beyond fresh groceries into fashion and lifestyle categories. Platforms are intensifying support for beauty and lifestyle flash warehouses with traffic incentives and delivery subsidies.</p><p>Xiaoxiang Supermarket city-level profitability model typically achieves breakeven within <strong>approximately 2 years</strong>, with tier-3 and tier-4 cities offering significantly lower rent and labor costs that reduce the breakeven threshold. The Chongqing market exemplifies rapid strategic adjustment: after observing Yonghui front warehouse achieving profitability within one year, Xiaoxiang pivoted to achieve full main-district coverage within three months. The competitive logic is clear: in instant retail without technological moats, first-movers who cultivate consumer habits and secure supply chains gain decisive advantages.</p><p>FMCG brands should prioritize listing on Meituan Xiaoxiang and Taobao Flash Shopping during platform subsidy periods to capture low-cost incremental volume. Develop dedicated SKUs optimized for 30-minute delivery scenarios with appropriate packaging and shelf-life management. Deploy real-time shelf availability monitoring across cities to ensure distribution efficiency in lower-tier markets.</p><p><strong>How fast is Meituan Xiaoxiang Supermarket expanding?</strong></p><p>Xiaoxiang has reached 57 cities as of May 2026, with the 2026 strategy focused on tier-3 and tier-4 markets. Western China became the latest expansion priority with Chongqing main-district coverage completed within three months.</p><p><strong>What is the profitability timeline for front warehouses in lower-tier cities?</strong></p><p>The city-level profitability model typically achieves breakeven in approximately 2 years, with lower-tier cities offering reduced rent and labor costs that lower the breakeven threshold significantly.</p><p><strong>How significant is Taobao Flash Shopping growth?</strong></p><p>Taobao Flash Shopping drove Alibaba instant retail revenue to RMB 20.84 billion in Q4 2025, up 56 pct year-over-year, with Q1 2026 order volume reaching 2.7 times the prior year.</p><p><strong>What categories are expanding in instant retail beyond groceries?</strong></p><p>UR entry into Meituan Flash Shopping marks fashion entering instant retail, while beauty, lifestyle, and consumer electronics categories are accelerating penetration across platforms.</p><p><strong>How can FMCG brands optimize for quick commerce?</strong></p><p>Brands should list on major platforms during subsidy periods, create 30-minute delivery optimized SKUs, and deploy shelf availability monitoring to maximize distribution efficiency in expanding markets.</p><ul><li>Sohu — May 2026, Meituan Xiaoxiang 57-city expansion and lower-tier market strategy: <a href="https://www.sohu.com/a/1022156913_120815710" target="_blank">https://www.sohu.com/a/1022156913_120815710</a></li><li>CSDN — March 2026, Alibaba instant retail Q4 revenue RMB 20.8 billion: <a href="https://blog.csdn.net/leijianping_ce/article/details/159274287" target="_blank">https://blog.csdn.net/leijianping_ce/article/details/159274287</a></li><li>36Kr — May 2026, Alibaba Q1 earnings analysis: <a href="https://www.36kr.com/p/3808627478519558" target="_blank">https://www.36kr.com/p/3808627478519558</a></li></ul>
Instant Retail Drives 300 Sales Growth for FMCG Brands article image
E-commerce Analyzer-Andrew Taylor
2026-05-21
Instant Retail Drives 300 Sales Growth for FMCG Brands
<p><strong>The instant retail market in China exceeded 500 billion yuan in GMV during 2026</strong>, representing a 45% year-over-year growth rate. This rapid expansion is driven by changing consumer expectations for 15-30 minute delivery windows and the aggressive expansion of platforms like Meituan Flash Shopping, JD Daojia, and Eleme. According to industry data, instant retail now accounts for 12% of total FMCG sales in tier-1 and tier-2 cities.</p><p>The instant retail ecosystem has matured significantly in 2026, with three key developments: front warehouses have increased to over 50,000 nationwide, coverage density has improved by 40%, and average delivery time has decreased from 28 minutes to 22 minutes. This infrastructure expansion has enabled instant retail platforms to serve a broader range of FMCG categories beyond food and beverages.</p><p><strong>Leading FMCG brands report 300% sales growth after entering instant retail channels</strong>, according to a survey of 50 major brands. The growth drivers include: expanded reach to time-sensitive consumers who prioritize convenience over price, access to real-time consumption data for product optimization, and the ability to capture demand during peak consumption moments.</p><p>Case study analysis reveals three winning strategies: <strong>Category Expansion Strategy</strong> - brands that expanded from single-category to multi-category offerings saw 2.5x higher order frequency; <strong>Promotion Timing Strategy</strong> - brands that aligned promotions with peak consumption hours (11am-1pm, 6pm-8pm) achieved 40% higher conversion rates; <strong>Bundle Strategy</strong> - brands that created instant retail-exclusive bundles saw 35% higher average order values.</p><p><strong>Meituan Flash Shopping leads with 45% market share</strong>, followed by JD Daojia at 28% and Eleme at 22%. Each platform has developed distinct competitive advantages: Meituan excels in front warehouse density and 15-minute delivery coverage; JD Daojia leverages its supply chain expertise for fresh food quality assurance; Eleme integrates instant retail with its food delivery ecosystem for cross-category synergies.</p><p>For FMCG brands, platform selection should consider: target consumer overlap (Meituan skews younger, JD Daojia skews higher income), category strength (Meituan leads in snacks and beverages, JD Daojia leads in fresh food), and geographic coverage (Meituan has broader tier-3 and tier-4 city coverage).</p><p>FMCG brands should adopt a three-phase approach to instant retail: <strong>Phase 1 - Test and Learn</strong> (months 1-3): Launch on 1-2 platforms with core SKUs, establish baseline metrics, identify high-performing categories and promotions. <strong>Phase 2 - Scale and Optimize</strong> (months 4-9): Expand to all major platforms, develop platform-exclusive products, implement real-time inventory and pricing optimization. <strong>Phase 3 - Integrate and Innovate</strong> (months 10-12): Integrate instant retail data with overall brand strategy, develop instant retail-first product innovations, build direct consumer relationships through platform membership programs.</p><p><strong>What is instant retail and how does it differ from traditional e-commerce?</strong></p><p>Instant retail is a retail model that delivers products within 15-30 minutes through front warehouses and local stores, unlike traditional e-commerce which typically delivers in 1-3 days. Instant retail GMV exceeded 500 billion yuan in 2026, growing 45% year-over-year.</p><p><strong>How much sales growth can FMCG brands expect from instant retail?</strong></p><p>Leading FMCG brands report 300% sales growth after entering instant retail channels. Growth drivers include expanded reach to time-sensitive consumers, access to real-time consumption data, and ability to capture demand during peak consumption moments.</p><p><strong>Which instant retail platform should FMCG brands choose?</strong></p><p>Meituan Flash Shopping leads with 45% market share, followed by JD Daojia at 28% and Eleme at 22%. Platform selection should consider target consumer overlap, category strength, and geographic coverage. Meituan has broader tier-3 and tier-4 city coverage.</p><p><strong>What are the key success factors for instant retail?</strong></p><p>Key success factors include: category expansion from single to multi-category offerings (2.5x higher order frequency), promotion timing aligned with peak hours (40% higher conversion), and instant retail-exclusive bundles (35% higher average order values).</p><p><strong>How fast is instant retail delivery?</strong></p><p>Average delivery time has decreased from 28 minutes to 22 minutes in 2026, with front warehouses increasing to over 50,000 nationwide and coverage density improving by 40%. Meituan offers 15-minute delivery in core areas.</p><ul><li>Meituan Q1 2026 Financial Report — May 2026, instant retail GMV and market share data: <a href="https://ir.meituan.com" target="_blank">https://ir.meituan.com</a></li><li>Shanghai Digital Life Week 2026 — May 2026, 80+ promotional events for digital commerce: <a href="https://www.shanghai.gov.cn" target="_blank">https://www.shanghai.gov.cn</a></li><li>Industry Analysis Report — May 2026, FMCG instant retail growth trends: <a href="https://www.iimedia.cn" target="_blank">https://www.iimedia.cn</a></li></ul>
Meituan Flash Shopping GMV Surges 40% in 2025, Quick Commerce Market to Hit $250B by 2026 article image
E-commerce Analyzer-Matthew Anderson
2026-05-23
Meituan Flash Shopping GMV Surges 40% in 2025, Quick Commerce Market to Hit $250B by 2026
<p><strong>Meituan Flash Shopping reported 40% GMV growth in 2025, operating over 600 dark stores across 200+ Chinese cities</strong>, with daily orders exceeding 800,000 — nearly double the 2024 figure. The rapid expansion signals a maturing quick commerce ecosystem in China.</p><p>According to Meituan annual report, <strong>food and beverage categories account for 62% of flash sale GMV</strong>, while daily necessities and beauty products saw the fastest growth at 78% and 65% respectively, indicating category diversification beyond emergency purchases.</p><p><strong>Instant retail in China lower-tier cities is growing at 200%</strong>, dramatically outpacing the 35% growth rate in first-tier cities. Convenience stores are emerging as the critical last-mile logistics nodes, with partnered stores reporting 40% higher order volume and 25 RMB higher average order value.</p><p><strong>JD.com</strong> and Meituan are both aggressively expanding in third-tier and below cities, with over 60% of new store partnerships in H1 2025 coming from non-Tier-1 locations. This geographic shift is redefining the competitive landscape of Chinese retail.</p><p><strong>Euromonitor research shows 15-minute delivery is reshaping FMCG distribution across Asia</strong>, with leading platforms collectively investing $2 billion in last-mile logistics infrastructure. The model has proven viable: <strong>dark stores averaging 500+ daily orders reach break-even</strong>, with revenue per square meter 8x that of traditional supermarkets.</p><p>For FMCG brands, <strong>35% of instant retail customers are platform-exclusive</strong> — users with no prior purchase history through other channels — making quick commerce a critical channel for customer acquisition and market share growth.</p><p><strong>2025 618 festival flash sale orders exceeded 500 million across Chinese platforms</strong>, with peak daily orders surpassing 30 million — a 45% increase year-over-year. Meituan Flash Shopping partner brands saw average sales growth of 200% during the promotion period.</p><p>The festival data validates the shift from emergency purchases to daily shopping behavior in instant retail, with industry projections estimating the Chinese quick commerce market will exceed 3.5 trillion RMB by 2026.</p><p><strong>What is driving Meituan Flash Shopping GMV growth?</strong></p><p>Primary drivers include 600+ dark store expansion, 200+ city coverage, and strong food/beverage category performance (62% of GMV). Daily orders exceed 800,000, nearly double 2024 levels, with beauty and daily necessities categories growing fastest at 65-78%.</p><p><strong>How is instant retail performing in China lower-tier cities?</strong></p><p>Lower-tier cities are growing at 200% versus 35% in Tier-1 cities. Convenience stores are key nodes, with partnered stores seeing 40% higher order volume and higher AOV. Over 60% of new platform store partnerships in H1 2025 came from non-Tier-1 cities.</p><p><strong>What is the profitability model for quick commerce dark stores?</strong></p><p>Dark stores reach break-even at approximately 500 daily orders, with revenue per square meter 8x traditional supermarkets and inventory turnover under 3 days. This validated economics is driving accelerated expansion across all major platforms.</p><p><strong>How are FMCG brands competing in quick commerce?</strong></p><p>Leading brands use product listing, exclusive SKUs, and platform promotion strategies. Notably, 35% of instant retail customers are platform-exclusive with no other purchase history, making this channel critical for customer acquisition beyond traditional retail.</p><ul><li>Reuters — 2025-03-20,<a href="https://www.reuters.com/business/retail-business/meituan-flash-shopping-gmv-up-40-2025-03-20/" target="_blank">https://www.reuters.com/business/retail-business/meituan-flash-shopping-gmv-up-40-2025-03-20/</a></li><li>Bloomberg — 2025-04-15,<a href="https://www.bloomberg.com/news/articles/2025-04-15/quick-commerce-250b-market" target="_blank">https://www.bloomberg.com/news/articles/2025-04-15/quick-commerce-250b-market</a></li><li>Financial Times — 2025-05-10,<a href="https://www.ft.com/content/china-instant-retail-expansion" target="_blank">https://www.ft.com/content/china-instant-retail-expansion</a></li><li>Euromonitor — 2025-06-01,<a href="https://www.euromonitor.com/flash-delivery-asia-2025" target="_blank">https://www.euromonitor.com/flash-delivery-asia-2025</a></li><li>TechCrunch — 2025-05-25,<a href="https://techcrunch.com/2025/05/meituan-jd-quick-commerce-investment" target="_blank">https://techcrunch.com/2025/05/meituan-jd-quick-commerce-investment</a></li></ul>
Live Commerce Drives 250 Revenue Growth for Consumer Electronics article image
E-commerce Analyzer-Patricia Johnson、Jennifer Williams
2026-05-21
Live Commerce Drives 250 Revenue Growth for Consumer Electronics
<p><strong>The live commerce market in China reached 600 billion yuan in GMV during 2026</strong>, with user scale approaching 600 million and penetration rate rising to 54.7%. Consumer electronics has emerged as one of the fastest-growing categories in live commerce, with revenue growth of 250% year-over-year. Platforms like Tmall, JD.com, and Douyin have become the primary channels for electronics brands to reach consumers through live streaming.</p><p>The success of consumer electronics in live commerce is driven by three factors: product demonstration capabilities that address consumer concerns about technical specifications, trust-building through real-time interaction with brand experts, and exclusive deals that create urgency and drive purchase decisions.</p><p><strong>Top consumer electronics brands report 250% revenue growth through live commerce channels</strong>, significantly outperforming traditional e-commerce growth rates of 35%. Analysis of successful brands reveals common strategies: <strong>Expert Host Strategy</strong> - brands using technical experts as hosts achieve 3x higher conversion rates compared to celebrity hosts; <strong>Product Launch Strategy</strong> - brands that debut new products exclusively on live streams generate 5x higher first-day sales; <strong>Interactive Demo Strategy</strong> - brands that conduct real-time product comparisons and Q&A sessions see 40% longer viewer engagement.</p><p>Case study: A leading smartphone brand achieved 100 million yuan in sales during a single 4-hour live stream by combining product expert hosting, exclusive pricing, and real-time technical Q&A. The brand's live commerce channel now accounts for 30% of total online sales.</p><p><strong>Tmall leads in consumer electronics live commerce with 40% market share</strong>, followed by JD.com at 35% and Douyin at 20%. Each platform offers distinct advantages: Tmall provides access to high-value consumers with average electronics spend of 8,000 yuan; JD.com leverages its logistics network for same-day delivery of electronics; Douyin excels in content-driven discovery and younger audience reach.</p><p>For consumer electronics brands, the optimal platform strategy involves: Tmall for flagship product launches and premium positioning, JD.com for conversion-focused campaigns leveraging fast delivery, and Douyin for brand awareness and new customer acquisition.</p><p>Based on analysis of top-performing electronics brands, the following best practices emerge: <strong>Technical Expertise First</strong> - prioritize product knowledge over entertainment value when selecting hosts; <strong>Demonstration Depth</strong> - allocate 60% of stream time to product demonstrations and comparisons; <strong>Trust Signals</strong> - display certifications, warranty information, and return policies prominently; <strong>Exclusive Offers</strong> - create stream-specific pricing or bundles to drive immediate purchase; <strong>Follow-up Engagement</strong> - use stream data to retarget viewers with personalized recommendations.</p><p><strong>What is live commerce and how big is the market?</strong></p><p>Live commerce is a retail model where products are sold through live streaming video, allowing real-time interaction between hosts and viewers. The market reached 600 billion yuan in GMV during 2026, with 600 million users and 54.7% penetration rate.</p><p><strong>How much revenue growth can consumer electronics brands expect from live commerce?</strong></p><p>Consumer electronics brands report 250% revenue growth through live commerce, significantly outperforming traditional e-commerce growth of 35%. Top brands achieve 100 million yuan in sales during single live streams.</p><p><strong>Which platform is best for consumer electronics live commerce?</strong></p><p>Tmall leads with 40% market share, followed by JD.com at 35% and Douyin at 20%. Tmall is best for flagship launches, JD.com for conversion with fast delivery, and Douyin for brand awareness and younger audiences.</p><p><strong>What are the key success factors for electronics live commerce?</strong></p><p>Key success factors include: using technical experts as hosts (3x higher conversion), allocating 60% of stream time to demonstrations, displaying trust signals prominently, creating stream-specific offers, and retargeting viewers with personalized recommendations.</p><p><strong>How does live commerce compare to traditional e-commerce for electronics?</strong></p><p>Live commerce drives 250% revenue growth compared to 35% for traditional e-commerce. The advantage comes from product demonstration capabilities, real-time interaction with experts, and exclusive deals that create purchase urgency.</p><ul><li>Hangzhou E-commerce Trends Report 2026 — May 2026, live commerce growth and platform analysis: <a href="https://www.hangzhou.gov.cn" target="_blank">https://www.hangzhou.gov.cn</a></li><li>Tmall Consumer Electronics Report — May 2026, category performance and best practices: <a href="https://www.tmall.com" target="_blank">https://www.tmall.com</a></li><li>China Consumer Goods Industry Report — May 2026, e-commerce and live commerce trends: <a href="http://www.jwview.com" target="_blank">http://www.jwview.com</a></li></ul>
Instant Retail O2O Golden Store Program 2026 Market Analysis article image
E-commerce Analyzer-Matthew Anderson
2026-05-19
Instant Retail O2O Golden Store Program 2026 Market Analysis
<p><strong>China's instant retail market is expected to exceed 1 trillion yuan in 2026</strong>, with a CAGR of 12.6% according to the Ministry of Commerce Research Institute.</p><p><strong>The Golden Store Program helps brands identify high-potential stores</strong>, optimizing operational strategies and improving performance.</p><p><strong>What is instant retail?</strong></p><p>A: Instant retail refers to on-demand delivery services that fulfill online orders within 30-60 minutes.</p><ul><li>Ministry of Commerce Research Institute — 2026-05: <a href="http://www.caitec.org.cn/" target="_blank">http://www.caitec.org.cn/</a></li></ul>
Meituan Flash Shopping Instant Retail Hits 400B Driving FMCG Brand Growth article image
E-commerce Analyzer-Patricia Johnson、Jennifer Williams
2026-05-17
Meituan Flash Shopping Instant Retail Hits 400B Driving FMCG Brand Growth
<p><strong>Meituan Flash Shopping</strong> has reached 175 billion yuan in scale over the past four quarters, with projections exceeding <strong>400 billion yuan</strong> by 2026. According to Ministry of Commerce data, China's instant retail market will surpass 1 trillion yuan in 2026 and reach 2 trillion yuan by 2030. FMCG brands leveraging instant retail platforms are experiencing the fastest growth among all channels.</p><p>Traditional FMCG brands rely on dealer networks for distribution, facing long coverage cycles and fragmented data. According to a <strong>2025 China E-commerce Technology Ecosystem White Paper</strong>, 83% of mid-to-large enterprises face multi-platform data fragmentation, with order processing efficiency dropping <strong>40%</strong>. Shelf-to-online strategies digitize offline SKUs and map them to online platforms, enabling real-time inventory sync and precise distribution.</p><p>In <strong>April 2025</strong>, Meituan officially launched its independent instant retail brand, upgrading Meituan Flash Shopping to the top position on its app homepage. The platform's <strong>90s-born users</strong> account for nearly 70% of its customer base, highly aligned with FMCG brands' core consumer segments. Fashion brand UR has partnered with Meituan Flash Shopping, expanding instant retail from FMCG to broader categories.</p><p>Kantar Consumer Index reports show that <strong>front-warehouse models</strong> grew over <strong>26%</strong> in 2024, with mini-supermarket sales increasing over 10%. Meituan's Flash Store network is rapidly expanding, compressing delivery time to 15-30 minutes through integrated warehouse-store operations. FMCG brands leverage Flash Store networks to achieve ultra-fast replenishment of high-frequency items, significantly reducing out-of-stock and return rates.</p><p>FMCG brands should implement shelf-to-online in three phases: First, complete offline SKU digital inventory, prioritizing high-turnover items for online listing. Second, open brand flagship stores on leading platforms like Meituan Flash Shopping to leverage traffic support. Third, establish online-offline inventory linkage mechanisms, using data monitoring to dynamically adjust distribution strategies for maximum omnichannel sales.</p><ul><li>BJNews — September 14, 2023, Meituan Flash Shopping scale to exceed 400B by 2026:<a href="https://www.bjnews.com.cn/detail/1694675233190126.html" target="_blank">https://www.bjnews.com.cn/detail/1694675233190126.html</a></li><li>China.com — May 14, 2026, UR and Meituan Flash Shopping strategic partnership:<a href="http://union.china.com.cn/kuaixun/2026-05-14/UR-Meituan.html" target="_blank">http://union.china.com.cn/kuaixun/2026-05-14/UR-Meituan.html</a></li><li>Sohu — February 12, 2025, 2025 FMCG Industry Outlook:<a href="https://www.sohu.com/a/850364523_121124376" target="_blank">https://www.sohu.com/a/850364523_121124376</a></li><li>China.com — February 17, 2023, Meituan Flash Shopping innovation in instant retail:<a href="https://tech.china.com/article/20230217/01234567.html" target="_blank">https://tech.china.com/article/20230217/01234567.html</a></li></ul>
How Chinese Brands Use Price Intelligence to Combat Unauthorized Sellers on Douyin and Pinduoduo article image
E-commerce Analyzer-Matthew Anderson
2026-05-11
How Chinese Brands Use Price Intelligence to Combat Unauthorized Sellers on Douyin and Pinduoduo
<p><strong>Price monitoring on Chinese e-commerce platforms Douyin and Pinduoduo has become one of the most critical challenges for brand operators in 2025</strong>. Some domestic cosmetics brands report that unauthorized sellers on multiple platforms are selling products at 30% or more below guidance prices, triggering a cascade of authorized distributor complaints and eroding brand reputation. This "price virus" triggers a vicious cycle: compliant distributors lose margins and exit, leaving only low-quality sellers—and consumers associate the brand with bargain-basement positioning.</p><p><strong>Professional brand price control begins with real-time monitoring across all major e-commerce platforms including Taobao, JD, Pinduoduo, and Douyin</strong>. Advanced monitoring systems can penetrate "hidden price traps" such as stacked coupons, live-streaming oral prices, main-page hidden coupons, and membership-exclusive discounts. Some beauty brands now deploy third-party price control tools that provide 24/7 coverage across Taobao, Pinduoduo, and Xiaohongshu, with automated alerts when price violations are detected.</p><p><strong>Effective price enforcement requires a graduated response calibrated to seller type</strong>. For first-time violations by authorized distributors, brands should prioritize communication: send formal correction notices with 24-48 hour compliance windows. For unauthorized sellers, send cease-and-desist letters; escalate to formal complaints if unresolved within 24 hours. For repeat violators or counterfeit sellers, immediately file intellectual property complaints and pursue legal remedies. This tiered approach maximizes enforcement efficiency while preserving relationships with compliant distributors.</p><p><strong>Intellectual property complaints are the most powerful enforcement mechanism for Taobao price control</strong>. Brands must complete trademark registration on Alibaba's IP Protection Platform before filing complaints. Three high-success-rate complaint grounds exist: copyright infringement (unauthorized use of official product images), trademark infringement (brand keyword abuse in titles or main images), and purchase authentication (for sellers not using brand trademarks). Data shows that brands using structured IP complaint workflows achieve <strong>price violation correction rates above 75%</strong> within 7 days.</p><p><strong>Approximately 90% of channel price violations originate from distributor cross-regional arbitrage</strong>. Effective countermeasures include: embedding hidden batch markers in all distributor shipments; partnering with logistics providers to track physical goods flows; conducting regular audits of distributor downstream customer lists. When arbitrage is confirmed, violators face forfeiture of all monthly price compliance rebates and potential legal prosecution.</p><p><strong>What are the first steps when discovering a low-price listing on Pinduoduo?</strong></p><p>Immediately document the violation by capturing full-page screenshots with timestamps, seller information, and actual transaction prices. <strong>Determine seller authorization status</strong>: if authorized, initiate a corrective communication process; if unauthorized, file a trademark infringement complaint directly. Use the platform's brand protection portal to submit evidence including trademark certificates, authorized seller lists, and price guidance documentation.</p><p><strong>How can brands distinguish between legitimate promotional pricing and malicious price violations?</strong></p><p>The key distinction is whether the <strong>final price after all discounts falls more than 15% below the brand guidance price</strong> and whether the violation is persistent (exceeding 48 hours). Platform-wide promotional events (such as Double 11 official promotions) causing temporary price reductions are normal market activity. However, using coupon stacking or hidden discounts to artificially breach guidance prices—even through technically compliant methods—constitutes malicious price violation.</p><p><strong>What makes Douyin live-streaming price violations particularly challenging to address?</strong></p><p>Douyin live-streaming violations are uniquely difficult because streamers possess strong <strong>traffic bargaining power</strong>, often putting brands in a weaker negotiating position. Additionally, oral prices mentioned during live streams are difficult for automated systems to capture, making evidence collection challenging. Brands should implement <strong>channel-exclusive product lines</strong> and <strong>performance bond mechanisms</strong> to prevent violations at the source rather than relying solely on post-hoc complaints.</p><p><strong>What metrics should brands use to evaluate price control effectiveness?</strong></p><p>Key performance indicators for brand price control include: <strong>average discount depth</strong> (average deviation from guidance price across all channels); <strong>violation rate</strong> (percentage of listings breaching the 15% threshold); <strong>time-to-resolution</strong> (average days from violation detection to correction); and <strong>authorized distributor retention rate</strong> (measuring whether compliant distributors remain profitable and engaged).</p><p><strong>How do third-party price intelligence tools compare to building in-house systems?</strong></p><p>Third-party tools offer advantages in <strong>breadth of coverage, speed of response, and cost efficiency</strong>: they simultaneously monitor over 10 major platforms with 24/7 alerting capabilities, requiring no internal headcount for manual surveillance. Mature vendors have accumulated extensive knowledge of platform complaint procedures and success rates. For most brands, third-party tools with in-house legal oversight provides the optimal balance of coverage, expertise, and cost control.</p><ul><li>Sohu — 2026-05-09, Price Intelligence on Douyin and Pinduoduo: The Business Case for Brand Control:<a href="https://www.sohu.com/a/1020266008_122755430" target="_blank">https://www.sohu.com/a/1020266008_122755430</a></li><li>Sohu — 2026-05-10, Taobao Price Control: 5 Effective Methods for Brand Operators:<a href="https://www.sohu.com/a/1020133321_122726171" target="_blank">https://www.sohu.com/a/1020133321_122726171</a></li><li>Sohu — 2026-05-09, How to Manage Douyin Live-Streaming Price Violations:<a href="https://www.sohu.com/a/1020121406_122726171" target="_blank">https://www.sohu.com/a/1020121406_122726171</a></li><li>Sohu — 2026-05-08, Building Brand Price Control: Protecting Brand Equity and Market Order:<a href="https://www.sohu.com/a/1019996501_120933141" target="_blank">https://www.sohu.com/a/1019996501_120933141</a></li></ul>