Juhuasuan to Shift to Brand-based Flash Sales Model
Ebrun.com, 9/30/14
Wang Licheng, head of Alibaba Group's (NYSE: BABA) group buy site Juhuasuan, has announced at a company event that Juhuasuan will transition to a flash sales model focusing on brand name products, moving away from the company's current group buy-focused model.
Editor's Note: Wang was previously the CEO of Beijing-based women's B2C e-commerce site Lafaso (Lefeng.com). For more information on this topic, please see "Rumor: Former Lefeng CEO Joins TMall," MD 4/04/14 issue.
Keywords: e-commerce Internet Alibaba Group Wang Licheng flash sales BABA group buying
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