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sultanaislammow · 3 months

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Douyin’s local life is difficult to fight “ground war”

Some time ago, there was news that Douyin HE Tuber Food Delivery had given up its goal of reaching 100 billion yuan in GMV (total transaction volume) this year. Behind this news, we see that Douyin’s food delivery business still needs to be further developed, and it wants to do a good job in the food delivery business. There are still many issues and challenges that still need to be solved. Let’s take a look at the author’s interpretation.

As a "super APP" with 800 million daily users, Douyin does not seem to be invincible.

Just 200 days after the upgrade of Douyin’s “group purchase and delivery” service, according to LatePost, Douyin Waimai has given up its goal of reaching 100 billion yuan in GMV (total transaction volume) this year. GMV is no longer the most important indicator for the team in the second half of the year. .

The reason for this adjustment is that the progress of Douyin’s food delivery service business in the first half of the year did not meet expectations. To this end, Douyin's business focus will shift to trying to use more ways to streamline the business process. One of the important directions is to use more local life service providers for delivery.

Obviously, after 200 days of "tentative offensive", Douyin found that to do a good job in the food delivery business, the "air force" with only traffic is not enough. It also needs an "air force" that is fully deployed and can fight a tough battle. Ground Forces".

Perhaps both internally and externally, expectations for Douyin Takeaway were too optimistic at the beginning. Many people tend to believe that Douyin, which has 800 million daily active users and an average daily user time of 52 minutes, as an ultra-high-frequency APP, can create a new incremental market as long as it starts with LBS, algorithms, and content, and can cannibalize Meituan’s Half of the country.

But the reality is that despite the huge traffic blessing, on the "ground", the business process of Douyin Takeout is not running smoothly. Some media have previously released signals that Douyin Takeaway will be launched as a whole in June 2023. This statement may be a bit too optimistic from today's perspective.

Not only the food delivery business, but also the catering in-store group purchase service that was launched earlier, Douyin seems to have encountered obstacles in the advancement process.

Li Kai (pseudonym), a fast food restaurant businessman in a second-tier city, told us that the BD of Douyin Local Life has contacted him many times, but not only him, but also some businesses around him have not yet connected to Douyin. In-store group buying.

Just one system has become the biggest stumbling block for them to enter the game.

1. Douyin group buying trapped in the system

This system is exactly the cash register system.

Although many people will find this strange and think that the cashier system itself is not a high-tech threshold, but at present, Douyin group buying is indeed stuck in the cashier system.

This is like "Tashan", blocking the "thousands of troops" that block Douyin's in-store group buying service.

"I have no interest in (Douyin) group buying. BD has come here several times and I have always told him this." Li Kai told "The Most Words" that the Douyin group buying coupons currently purchased by consumers cannot be connected to cash. If there is a cashier system for verification, manual verification of coupons is required. In the scenario of Meituan/Dianping group buying in-store, because merchants are basically connected to Meituan’s cashier system, they only need to scan the QR code of the group buying coupon to directly complete the action of verifying the coupon and placing an order.

One detail worth paying attention to is that Meituan’s cashier system opened the way for Ele.me. In the takeout scenario, if a restaurant only installs Meituan's cashier system, it can accept orders from Ele.me, but the function is not that complete. Unlike Meituan's order, which has a QR code, you can directly Scan the QR code to order the meal and complete the meal delivery report.

A takeaway merchant told "Zihua" that due to Ele.me's own market share, the order quantity is limited, so from the merchant's perspective, the existing system can already meet the demand, and there is no need to add an additional machine.

But judging from the relationship between Meituan and Douyin today, Meituan will not open this gap to Douyin, at least for a long time in the future.

Obviously, as long as the issue of verifying coupons cannot be solved, fast food merchants like Li Kai must have a man in the front office who can verify the coupons for consumers who have purchased Douyin group buying coupons. mobile phone, manual verification.

This will obviously increase the operating costs of merchants.

Because the peak dining periods of fast food restaurants are relatively concentrated, usually at noon and evening. And as almost all merchants implement ordering by scanning QR codes, the manpower of merchants is concentrated in the back kitchen, and the front office can be as small as possible. At this time, it is unrealistic for the merchant to send a person to the front office to verify Douyin group buying coupons.

Li Kai said that it was impossible for him to refuse group buying consumers to dine during peak periods, but it was also impossible to waste manpower just to verify coupons, so he simply refused.

This may be why on the Douyin group buying platform, most of the merchants currently settled in are in categories such as barbecue, crayfish, hot pot, and baking.

According to the "Newbie's Guide to Group Buying and Delivery" officially produced by Douyin Life Service, the main categories currently involved in Douyin group buying are categories with relatively high unit price per customer, such as baking, crayfish, hot pot, steam seafood, and barbecue. Among them, among the product suggestions displayed by the official, except for the flash sale models, which are relatively cheap, the unit prices of the main sales models and profit sales models are around 100-300 yuan.

It is true that for these merchants whose unit price is high enough, their customer flow is far less than that of fast food restaurants, and their table turnover rate is also far less than that of fast food restaurants. In addition, their front office service process and billing process are different from those of fast food restaurants. , these merchants have more spare capacity to do Douyin group buying.

More importantly, they really need Douyin group buying. Because from the perspective of traffic, these stores with high customer unit prices need the support of Douyin traffic to reach a wider range of people and harvest a wider range of customer flow. But fast food restaurants are different. In fact, for them, they only do business within 3-5km of the surrounding area. In fact, they do not need group buying to drive traffic.

"My price per customer is set here. It is impossible to say that someone would travel half a city to eat at my place just to eat fast food worth more than ten or twenty yuan." Li Kai told "The Most Words".

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web2affiliatetips · 3 months

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moneylinksme · 4 months

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mimonicuba · 7 months

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reckonfinserv · 8 months

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You will be require to make Bajaj RBL credit card payment in the form of joining and annual fees. However, you don’t have to pay first year fee for Bajaj Finserv RBL Bank Platinum Choice First-Year-Free SuperCard and Bajaj Finserv RBL Bank Platinum Plus First-Year-Free SuperCard. The annual fees can also be waived on the milestone annual spending limits. Read the full article

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money--freedom · 1 year

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paynxt360 · 1 year

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Digital gift card platforms are raising venture capital and private equity funding to drive growth

Many consumers are perceiving gift cards as an alternative to cash, and as a result, the average number of gift cards bought per consumer per year has been on a constant increase, especially in countries like the United States and the United Kingdom. Furthermore, gift cards have also emerged as the most requested gifting item during the holiday season. In the United States, for instance, 54% of Americans said that gift cards are the most requested items during the 2022 holiday season, according to a report from the National Retail Federation.

The growing adoption of digital gift cards has led to a high growth period for providers in the last 12 months. To further support their growth and scale their operations by launching new products and categories, digital gift card providers are raising venture capital and private equity funding rounds globally.

In November 2022, Givingli, the United States-based digital card and gifting platform, announced that the firm had raised US$10 million as part of its Series A funding round, which was led by Seven Seven Six. The digital gift card marketplace has differentiated itself from others by including social elements such as the ability to chat with friends and families. Furthermore, users also receive birthday reminders, so that they can share digital cards through social media, e-mail, or text. The firm is planning to use the funding round to double down on its efforts to create more value for all its users.

Along with consumer-focused gift card providers, the trend of fundraising is also seen among business-focused gift card providers. For instance,

In November 2022, WeGift, the incentive marketing startup, announced that the firm had raised £26 million in a Series B funding round, which was led by Element Ventures. The API-driven platform provided by the firm is used by leading brands, including Nike, Airbnb, and Aldi, among others. More than 100 brands are using the platform to disburse gift cards online to their most loyal customers globally. With the Series B funding, the firm is now planning to expand its operations in the global markets.

Cobee, the Spain-based employee benefit super app, also announced that the firm had raised US$41 million in November 2022. The Series B funding round for Cobee was co-led by Octopus Ventures and Notion Capital. Like WeGift, Cobee provides its services to more than 800 businesses, including N26, Ogilvy, and Booking, among many more.

Along with gift cards, the firm also provides benefit programs for meals, transport, nursery, training, and others. The firm is currently operational in Spain and Portugal. However, the firm plans to expand its operations in more countries, including Mexico and other countries in Latin America and Southern Europe.

In December 2022, Swageazy, an all-in-one enterprise gifting platform, also announced that the firm had raised INR 70 million as part of its Seed funding round, which was led by Info Edge Ventures. Amazon, Chargebee, Pidilite, LinkedIn, and Coursera, are some of its key customers. The firm is planning to use the December 2022 funding round to further expand its customer base, while also improving its product.

With the corporate gifting economy booming over the last few years, and the trend projected to further continue over the next three to four years, PayNXT360 expects more such global firms to raise venture capital and private equity funding. Furthermore, the competitive landscape is also expected to grow significantly, amid the entry of new players and expansion strategy adopted by well-funded firms.

On the consumer side, the demand for digital gift cards is also projected to grow significantly over the next five years. The shift to digital channels, along with the rising internet and smartphone penetration rate, are among the factors that will support the demand for digital gift cards. Consequently, PayNXT360 also expects more players to foray into the consumer-focused gift card segment from the short to medium-term perspective. This coupled with the trend of funding raising from venture capital and private equity firms will keep driving the competitive landscape and innovation in the global gift card market over the next three to four years.

To know more and gain a deeper understanding of the global gift card, click here.

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01leahgotti · 1 year

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(BIG-OFFER) Cash App Money Generator 2023 New Updated NO VERIFICATION (2023)

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jetsoday · 1 year

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justcoins · 2 years

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dj0530574 · 2 years

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$100 Free Cash App Money Legit No Human Verification Redeem Codes

Looking for a way to get some free cash? The $100 Free Cash App money is a great way to get cash back on things you’re buying anyway. This article explains how the app works, what its advantages are, and how you can use it to get free money. If you’ve not heard of the Free Cash App money before, let us fill you in on all the details! The app is basically an offer that gives users free cash for doing things like downloading apps, watching videos, or even redeeming coupon codes. And right now there are plenty of verified codes out there that will give you $100 instantly when you sign up using one of them! Keep reading to learn everything you need to know about Redeeming Codes in the Free Cash App Legit No Human Verification

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cheekramie71 · 2 years

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The Main Principles Of Shenandoah Websites: Virginia Website Design

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mgo55slotgacor · 2 years

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You can likewise play poker at El Royale (both recreational and expert players are welcome), blackjack, and a variety of other specialty games. El Royale definitely has a major look to it, and high rollers are welcome. If we could have one criticism, it's that, at the time of composing, live poker isn't readily available.

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You can play it free of charge to evaluate out your method and get a feel for the game, however you can't win genuine cash. High RTP slots offer you the very best opportunity of winning when playing online slots since their payment percentage is higher than average. This indicates potentially huge jackpots if you strike fortunate (while gambling properly, obviously).

If a slot's RTP is pegged at 96% or greater, you might expect it to pay out much more than a slot that is pegged at, state, 94%. Yep! As long as the online gambling establishments are mobile-friendly and either let you play slots in your mobile web browser or via a mobile app, you can play slots online on your mobile device.

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This is due to the fact that they use something called RNG (Random Number Generator) to determine the outcome and to make sure fairness and transparency (mgo55 slot gacor). We have actually assembled the very best online casinos with the finest slots in 2021. Whether you desire to play progressive jackpot slots, high RTP slots, or themed slots that are rupturing with bonus offers and features, you can find them at these websites.

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Free slot games for enjoyable guidelines are basic. In spite of all pokie machines being various, their standard mechanics remain the exact same: select preferred bet size, betting lines number, press the spin button - mgo55 slot. Playing reward rounds starts with a random signs combination. Despite reels and line number, you get to choose the mixes to wager on.

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Min and Max bets: from a few cents to hundreds of dollars. RTP: a sign of how much money will be paid out in the worst game outcome.

Free Online Slots offer an opportunity to play without the requirement to place genuine money bets. That is, the gamer does not require to make a deposit to evaluate them, however they will not bring any profit either.: are essentially just more advanced versions of everyone's favorite machines. This can be any pastime recently released by an amusement designer.

It grows as players put their bets. To receive it, you need to make the greatest bet, if you lose, then it will be contributed to the overall prize spending plan, and if you win the jackpot, the entire amount will be paid to you. The jackpot increases incrementally by spinning the reels, causing the most massive wins.

777 is a mix that, when dropped, brings the player the jackpot. Many pokie maker types are categorized as classic totally free demos, but the standart meaning is the pokie device with 3 reels.

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It is possible to find pokies with various complimentary spins on the majority of online gambling establishment websites. Old: Timeless pokie devices that have restricted performance however are still popular. These pokies resemble their ancestors. By the way, you might not discover spins or benefit rounds with unique multipliers in them. They are mainly built on a 3-reel plan with few pay lines.

Such functions as the wild sign, random wild, cascading symbols, expanding perk, stacked win, and sticky reward allow increasing the overall money amount possible to win. This construction scheme is the most common since it preserves a balance in between the variety of winning combinations and the possibility of their falling out.

Volatility: Just put, volatility is the danger rate intrinsic to a specific video game, which represents how many wins per loss the pokie can offer. Judging from that ranking, a gamer can decide on whether to play or not.

RTP: (Go Back To Player): Essentially, it's a rate of possible cash losses in a worst-case situation. Greater RTP implies more minor losses. The average RTP for web slots fluctuates at around 95%, which suggests that the bettor will be returned 95% of the amount of his bet, and the remaining 5% will be lost appropriately.

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Striking a multiplier means increasing your winning quantity by 2x or 3x. Extra features: Pokies have an autoplay choice, which permits you to hit the button once and watch the roll for as lot of times as you have actually set, without a requirement for clicking whenever. There is likewise a quick play function.

Free Credits: This is one of the types of royalties types that bettors can get for playing web pokies. You can use them as credits for wagering in certain amusement that supports this function. A welcome function for new players. There are benefits as high as 5, 10, 15, 20 $ in complimentary slots with no deposit bonus offer.

The majority of players look up to the video games of free slots that require no installation. Here is a shortlist of functions such video games have:: No registration no signup needed instant play totally free slot machine games without downloading software application could be played lawfully and safely worldwide, for instance in countries like UK, NZ, U.S.A., and even in Australia, due to no cash involved principle.

In some cases, perk games are unlocked throughout the gameplay, causing more perks. What are the best payment pokie devices with the very best bonuses you'll discover by following this link. Several Free Spins: This is a general typical feature either set within the game itself or awarded to brand-new gamers by an online gambling establishment.

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This is an indication of the appeal and quality of the online devices amongst internet gambling establishment gamers. Genuine Online Gambling establishments: Licensed gambling platforms that permit players to bet for genuine cash.

Each video game designer has unique qualities and traceable style in the creation of internet pokies. Aristocrat Pokies have made a name for themselves by developing both online and offline slot machines that you can play without money. Finally, you need to understand what licenses this or that game designer has.

Especially for this, we attach for you a list of the best and most relied on suppliers of internet video games for gambling jobs. Aristocrat Leisure Limited Company is world # 1 service provider of online complimentary slots for enjoyable just with no cash and for real money, both in offline and online gambling establishments.

Online slots from WMS have an average RTP of 96%. Their slot devices offer medium to high volatility. EGT A Bulgarian software application supplier that developed Shining Crown and the Majestic Forest. EGT was founded in 2002 and offers users with 96% RTP usually. The frequency of gratis spins is close to 0.

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Konami An Asian company that stands behind China Shores, China Secret and Golden Wolves. Konami makers have an average RTP of 94. 1% and in them, you can receive from 15 to 25 gratis spins for 3 scatter signs, depending on the video game. The Instantaneous Play alternative allows you to join the video game immediately without any downloads and registration.

The majority of legendary industry titles include both old-fashioned machines and the recent additions to the lineup. Fans can select from hundreds of games, however some demos that stick out and develop the core gambling home entertainment fast Struck, Buffalo (and derivatives like Buffalo Stampede, Gold), and diamond-themed Starburst with its complimentary spins demos.

Free slot no deposit can be played simply like genuine cash machines. Playing in demo mode is an exceptional way to get to understand the best free slot video games to win genuine money.

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Greatest RTP. All titles with the greatest RTP don't generally provide the highest payments, but are the most consistent. The finest examples are: Jackpot Magic and Jackpot Party.

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mimonicuba · 8 months

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imreallyshady · 2 years

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