Orders from Douyin Skyrocketed by 2 times
HONG
KONG, May 9, 2024 /PRNewswire/ -- The May Day
holiday has recently concluded, leaving behind a trail of
remarkable growth in domestic travel and consumption, and the
invaluable contributions of on-demand delivery service platforms
and suppliers cannot be overlooked. Hangzhou SF Intra-city
Industrial Co., Ltd. ("SF Intra-city" or the "Group",
Stock Code: 9699.HK), China's
largest third-party on-demand delivery service provider, is pleased
to announce that the orders for comprehensive
delivery increased 50% year-on-year ("YoY") during May Day
holiday, delivery orders from supermarkets and chain convenience
stores increased over 1 time YoY, delivery orders from Douyin
Lifestyle Services increased by 2 times YoY. The
Group has provided efficient and flexible transportation
capacity, intelligently deployed and improved the brand's
logistics fulfillment capabilities during peak order periods, and
helped merchants respond to the diversified needs of
consumers.
The holiday economy is thriving, and the new beverages market is
witnessing a remarkable surge in growth. Numerous new beverage
brand stores have recorded a doubling in sales, and some stores in
popular destinations have even faced an overwhelming number of
orders. According to data from SF Intra-city, the order volume for
beverages doubled during May Day holiday. As the distribution
partner for several prominent new beverage brands like CHAGEE and
Molly Tea, the Group utilizes a
comprehensive one-stop distribution platform, by leveraging a
diverse capacity system and intelligent dispatching system, it can
swiftly respond to high-demand periods such as the Labor Day
holiday, effectively managing the pressure of surging orders.
During the May Day holiday, there were several emerging trends
in people's travel expenses. The proportion of behaviors such as
relaxing travel, shopping in local and on-demand delivery
significantly increased. According to data from SF Intra-city,
convenience store orders during the May Day holiday more than
doubled compared to the previous year, while orders for beauty
supplies and emergency medicine delivery achieved high double-digit
growth year-on-year. This year, a new trend among travelers is to
go out with minimal belongings and purchase necessary items
locally. SF intra-city 's comprehensive product system for
customers, including "pick-up, delivery, purchase, and processing,"
ensures quick response, assisting tourists in addressing various
needs such as baggage pickup and delivery, purchasing local
specialties, and avoiding queues at popular restaurants.
An increasing number of tourists are utilizing Douyin's
lifestyle services to indulge in a wide range of local experiences
and consumption offerings. SF Intra-city has seamlessly integrated
its services into Douyin's food delivery and Douyin Supermarket
one-hour delivery features. Additionally, it provides a
comprehensive solution for live e-commerce delivery. The May Day
holiday witnessed a remarkable year-on-year increase of nearly 200%
in the number of orders processed by SF Intra-city.
The structure of domestic tourism during May Day holiday has
exhibited a substantial increase in the popularity of "county
tourism", particularly in smaller cities, counties, and rural areas
that offer more cost-effective options. As a result, these regions
have experienced robust growth. SF Intra-city has expanded its
coverage to over 1,000 cities and counties nationwide, achieving a
coverage rate of 60%. Notably, order volumes in regions such as
Qiandongnan in Guizhou, Jinhua and
Jiaxing in Zhejiang, Qianjiang in Hubei, and Kashgar in Xinjiang have witnessed
significant year-on-year growth, multiplying several times
over.
The May Day 'Golden Week' holiday, being a significant milestone
in travel and consumption, has garnered attention from both
consumers and businesses alike. With the holiday economy
flourishing and the demand for on-demand delivery services on the
rise, the symbiotic relationship between on-demand delivery
services industry and consumer market has become increasingly
impactful. SF Intra-city plays a crucial role by providing high
quality intra-city delivery services, enhancing the travel
experience for consumers and driving the growth of merchants'
holiday businesses. Furthermore, it injects vitality and potential
into the long-term development of the third-party on-demand
delivery service market. As SF Intra-city strives to fulfill its
mission of "letting more people enjoy a close and beautiful life,"
the Group looks forward to steady progress, high-quality growth,
and delivering increased value to shareholders and investors.
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SOURCE SF Intra-city