《E-commerce Price Disorder Rate Surges to 26% During 618 Shopping Festival》 - 行业洞察

E-commerce Price Disorder Rate Surges to 26% During 618 Shopping Festival

Price Order Collapse Erodes Brand Profits

Boxiaotong monitoring data reveals that during the 618 shopping festival, the FMCG e-commerce price disorder rate surged to 26%, jumping 9 percentage points from the usual 17%. This means that among every four SKUs on sale, more than one is priced below the brand's guidance price. The collapse of price order is eroding brand profits—this phenomenon deserves high alert.

Behind the surge in price disorder rates lies the dual factors of intensified e-commerce platform competition and uncontrolled brand channel management. JD.com's 618 full-period report shows high-end smartphone transaction value grew 300% year-over-year, AI hardware transaction value increased over 20 times, and trade-in order volume grew 130%. Platforms are driving sales through subsidies and coupons to capture users and GMV, directly causing terminal price chaos. Without establishing omnichannel price monitoring systems, brands face dual risks of channel conflict and profit loss.

Consumers Return to Shelf E-commerce

iResearch's report "618 Halfway: E-commerce Promotions Move Beyond GMV Obsession, Competing on Omni-channel Operations" shows consumers are returning to shelf e-commerce and paying more attention to shopping experience. Merchants are no longer simply chasing traffic but returning to shelf e-commerce with growth certainty. Consumers are also moving beyond low-price involution, preferring simple, worry-free shopping experiences with good value for money.

This trend means brands need to re-evaluate return on investment across platforms. Traffic-driven approaches are becoming ineffective, and brands should allocate resources toward platforms with supply chain advantages and user stickiness. Alibaba leads with 4,109 billion yuan in value, followed by Meituan Dianping and JD.com. From a domestic retail perspective, Alibaba, JD.com, and Pinduoduo together account for 90% of China's online retail sales. These three platforms remain the main battlegrounds for brand e-commerce operations.

FMCG Market Structural Adjustment

Bain & Company's joint report with NielsenIQ Consumer Index, "2026 China Shopper Report," shows that in 2025, total urban FMCG spending in China grew slightly by 0.9%, with sales volume increasing 3.6% but average selling prices declining 2.6%. By Q1 2026, while sales volume continued its growth trajectory with a 1.3% increase, sales value actually declined by 1.3%. The data indicates consumers are coping with economic pressure by purchasing more goods but choosing lower prices.

China is transitioning from a long-term cycle of high population and income growth to a more mature stage of slower growth, while facing multiple challenges including intensified consumption substitution trends and increasingly cautious consumers. Market trends in 2026 are expected to be broadly similar to 2025, maintaining low growth. Brands must find incremental growth in existing markets through product innovation and channel optimization to enhance competitiveness.

618 Reports Reveal Consumption Truth

JD.com Hardware City released its 2026 618 full-period report: small and micro enterprise customers grew 120% year-over-year, over 3,000 industrial product brands achieved doubled transaction value, and AI-powered industrial product search improved procurement efficiency 10 times. This data indicates B2B e-commerce is rapidly rising, with industrial products and SME services becoming new growth points.

The "2026 Douyin Mall 618 Data Report" shows that over 120,000 merchants saw their livestream transaction value double year-over-year, with platform coupons helping merchants achieve over one million yuan in livestream transaction value, growing 152% year-over-year. Livestream e-commerce continues strong growth, but competition is also intensifying, with mid-tier influencers continuing to play important roles. Industrial cluster specialty products and new product consumption heat continues to rise. Brands need to balance resource investment between livestream e-commerce and shelf e-commerce, avoiding over-dependence on single channels.

Three Key Actions for Brand Price Control

First, brands need to establish omnichannel price monitoring systems. Data platforms like Boxiaotong already cover network-wide data including O2O and e-commerce platforms. Brands can discover price disorder through real-time monitoring and preserve evidence for channel rectification tracking.

Second, brands need to establish differentiated channel authorization systems. Develop different product portfolios and pricing strategies for different platforms to avoid direct price competition. For example, push high-end product lines on JD.com, value-for-money product lines on Pinduoduo, and create hot new products through livestreaming on Douyin.

Finally, brands need to establish rapid-response pricing mechanisms. When price disorder is detected on a platform, complete channel communication, price adjustment, and evidence preservation within 24 hours to prevent price disorder from spreading to other platforms. Maintaining price order requires ongoing operations, not temporary responses during 618.

Data Credibility Statement

Data Sources: Boxiaotong monitoring platform, iResearch "618 Halfway" report, Bain & Company "2026 China Shopper Report," JD.com 618 report

Statistical Period: May to June 2026

Sample Size: Covers mainstream e-commerce platforms including Tmall, JD.com, Pinduoduo, and Douyin

Analysis Method: Cross-verification based on platform public data and third-party monitoring data

Frequently Asked Questions

What is e-commerce price disorder rate?

E-commerce price disorder rate refers to the proportion of SKUs sold below brand guidance price relative to total SKUs, reflecting the effectiveness of brand price control. Higher disorder rates mean more chaotic price order.

Why does price disorder rate surge during 618?

618 is the most competitive time window for e-commerce platforms. Platforms capture users and GMV through subsidies and coupons, while merchants accept lower margins to meet sales targets, leading to terminal price chaos.

How should brands balance sales volume and price order?

Brands should establish omnichannel price monitoring systems, avoid direct competition through differentiated product portfolios and authorization systems, and establish rapid-response pricing mechanisms to intervene when price disorder is detected.

Is consumer price sensitivity increasing?

Bain's report shows that in 2025, China's urban FMCG sales volume grew 3.6% but average selling prices declined 2.6%, indicating consumers are coping with economic pressure by purchasing more goods but choosing lower prices—price sensitivity is indeed increasing.

Does livestream e-commerce exacerbate price chaos?

Livestream e-commerce's time-limited nature and influencer bargaining power do impact price systems, but over 120,000 merchants seeing doubled livestream transaction value demonstrates this channel's significant value. Brands need to balance livestream and shelf e-commerce through exclusive products and time-limited promotional strategies.