This business model, which originated in 2016 and peaked in 2020 for special reasons, was also a turning point。
The infusion of large amounts of capital has brought the track to an incoherent stage of competition, and some small and medium platforms have collapsed。
At present, only a large number of national platforms remain in operation, and a few have reduced their operations to individual regions, with the remainder out of the market。
Community buy-out platforms can be broadly divided into the following categories:
No. 1
Sectors of large internet factories (mainly electricians)
1, buy more
Community-based electrician platforms under multiple flags, to be operational by august 2020。
Buying more is the country's largest community grouping platform, with gmv reaching $190 billion in 2024, close to a balance of gains and losses。
Currently, additional purchases are being made to test self-constructed commodity warehouses in the first-line cities of shanghai and will be ready for ready distribution as soon as august。
2 united states of america
Enterprise, under the umbrella of the united states corps, came online in july 2020。
Gmv was second only to the purchase of more food and ranked second in the country, with a cumulative loss of tens of billions。
On 23 june 2025, the mission closed its operations in 19 provinces, retaining only the guangdong and zhejiang markets。
Three, pappy shopping
In october 2020, the box market was officially launched under the umbrella of the quakers, with a focus on the downfall of the market, complementing the box of the main two-line cities。
In march 2021, the aribaba community electronics enterprise was formed to integrate retail outlets and the box market。
On 14 september of the same year, the ari community electrician announced the official upgrading of his brand to a “cooking dish”。
In may 2023, culinary and culinary dishes were merged and renamed poachers。
On 28 march 2025, poachers announced the closure of the national self-service on the next day and the transformation into a “farm hairing” channel, replacing the original local supply chain services with a express delivery model。
Four, kyo yung ying
In 2016, kyoto was acquired online; in october 2019, it was renamed “kyokyo”。
In 2020, kyodong set up the kyo-kyung enterprise, which covers specific sub-line elements such as the kyo-kyung electrician app, the kyo-kyu scrip, the kyo-hyeong-hyeong-hyeong-tung, and the kyo-hing-ta, to use the supply chain, logistics and technical capacity services of kyo-dong to sink the market。
Of which, kyouta works with the main camp community group。
In 2022, after more than a year of fighting on the line, beijing, shandong, henan and hubei were abolished。
On 27 july 2023, the kyouta puzzle was renamed the kyodong puzzle and assigned to the department of innovative retails。
At present, the vast area of operation in kyoto is only beijing and yamayama。
Five, orange heart
In june 2020, a community electrician operation was launched at chengdu's “orange heart choice”。
Early on, with drip flows, funds and push capacity, orange heart preferences covered 31 provinces in just five months, with daily orders exceeding 10 million units and once valued at $5 billion。
However, the lack of electrician genes in the droplets, which have mobility advantages, has a certain disadvantage in community group purchasing operations。
From the second half of 2021, the orange heart preference began to shrink significantly, from the former “31 provinces of 9 regions” to “9 provinces of 3 regions”。
On 21 december 2021, the orange heart quotron was removed and all services were withdrawn。
No. 2
Legal entities operating independently
1. Highest selection
Founded in 2017, the operator is hunan xing e-commerce limited。
In 2018-2021, the booming selections were intensive in completing nine rounds of financing, with the numbers and amounts of financing well ahead of peers。
The investors include many well-known institutions, such as kim shajiang, jinghu foundation, tetang, kkkr, tianjiang capital, redwood china, kyeongdong, dehon capital, quan source capital, and sunmassy。
By august 2022, he had attracted a total of $4. 33 billion in investment abroad, making him the largest recipient of fdi in real terms。
In 2024, two rounds of financing totalling $1. 5 billion were won, of which kyoto announced investment of $700 million。
But more money won't burn
At present, only hunan, hubei and jiangxi provinces are being retained, which is more than 80 per cent smaller than the 18 provinces covered by the peak period。
Two, ten
The operator is beijing ten-technology co. Ltd., which was established in 2018 and received $100 million in financing that year。
On 31 march 2021, the ten corps completed the $750 million d round of financing, co-led by ali baba and dst global, with co-investments in kunlón capital, the d. E. Shaw group, morning investments, jeneration capital, time capital, dragoneer, top investment, ggv documentary capital, france capital and high capital。
In march 2022, all operations of the ten corps were closed throughout the country. The company enters the rehabilitation phase and deals primarily with the liquidation of the supplier's money and with the settlement of employee salaries。
3. Living together
Living side by side with a conglomerate, operated by suzhou fresh orange technology ltd. As an independent legal entity, came online in 2018。
Between 2019 and 2020, several rounds of co-life completion finance, valued at approximately $1 billion, were worth several hundred billion。
On 6 july 2021, the same life was renamed “live of the honey orange”, but the following day the application was declared bankrupt。
Following consultations, the company offered two solutions to suppliers ' creditors:
Option a: 40 per cent of the amount owed to suppliers in cash and the remaining 60 per cent, to be distributed by the court after liquidation of the debtor。
Option b: 60 per cent of the amount owed to the supplier in cash, with the remaining 40 per cent, the supplier abandons recovery and no claims against the debtor。
If the above programmes were effectively implemented, suppliers would be fortunate to have received at least 40 per cent or 60 per cent of the arrears。
Since there have been no subsequent reports, the exact status of implementation is not known。
4. Eating
The operator, wuhan seven types of tasty technology ltd, came online in 2017-2018 and received multi-wheel financing of several hundred million yuan yuan。
At one time, it covered nearly 20,000 sub-districts in 45 cities throughout the country and was ranked three times in less than two years。
However, as competition increases as a result of the killing of a large number of electricians, the enjoyment of food becomes difficult。
According to the information received, catering is transformed into a retail shop, but the retail business is not as good。
Five, drop-mile fair
Established on 4 march 2019 and cancelled on 15 february 2023。
It operates mainly in the north-east and covers shenyang, harbin, changchun and dalian during the prime period, with 20,000 leaders, with a single user of 180,000 a day and sales totalling more than $80 million a month。
No. 3
Local small platforms
1. Little bears
Founded in 2015, the operator is jeenan gyeong peng electronic commerce limited, which covers nine cities in shandong province。
Two, home
The operator, eco-agriculture limited, inc., was established on 21 september 2015 and operates mainly in the region of guannan, and in particular in the city of xinjiang。
In addition, there are the top-notches, the top-notch, the top-notch, the top-notch, the top-notch, the top-notch, and so on。
These small local platforms operate mainly locally or include surrounding areas. There are few reports of this, and there is probably a poor performance rate
