Zhao Yuanyuan on Singles’ Day 2023 and Livestream Commerce

ORIGINAL TITLE赵圆圆回顾 2023 年双十一:平台竞争与直播电商

A retrospective on platform competition, merchants, consumers and campaign operations.

赵赵圆圆Guest · 前淘宝直播
Channel
Zhang Xiaojun Podcast
Published
Aug 17, 2024
Video
1:25:05
Read
5 min
Original
Simplified Chinese
Open on YouTube
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Machine-translated from the original Simplified Chinese. Turn on “Show original” to compare paragraph by paragraph.
SUMMARY

In 30 seconds

Zhang Xiaojun and Zhao Yuanyuan discuss Singles’ Day 2023, platform competition, livestream commerce, merchant profit and event operations. Numbers and judgments are presented as his period experience, not complete market statistics.

  1. 1Different participant goalsPlatform, merchant and consumer interests do not always align.
  2. 2Accumulated rulesMultiple goals can increase the effort users need to understand an event.
  3. 3Sales and profitDiscounts, advertising and fulfillment affect merchant returns.
  4. 4Livestream ecosystemProduct design, trust and distribution shape the host ecosystem.
  5. 5Behind the eventPreparation, technical monitoring and coordination span months.

Takeaways

  1. Platforms, merchants and consumers have different sale-event goals.
  2. Accumulated rules increase comprehension and operating costs.
  3. Sales and merchant profit are different measures.
  4. Livestream ecosystems depend on product design, distribution and trust.
  5. The guest’s forecasts are views from 2023.
FULL TEXT

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Transcript only
01

Singles’ Day 2023 and platform competition

Zhang Xiaojun and former Taobao Live operations leader Zhao Yuanyuan discuss Singles’ Day 2023, platform competition and livestream commerce. His judgments, recollections and figures reflect that period.

Zhang Xiaojun and former Taobao Live operations leader Zhao Yuanyuan discuss Singles’ Day 2023, platform competition and livestream commerce. His judgments, recollections and figures reflect that period.

They begin with a tension: the sale still attracts many participants, while some consumers and merchants are tired of complex rules and repeated promotions.

From an operations perspective, Zhao says platforms, merchants and livestream hosts may have different objectives beneath one shared event.

He says the shopping event evolved from one platform’s campaign into multi-platform competition, but public excitement does not necessarily reflect each participant’s returns.

Asked why the event can feel less exciting while more competitors enter, he says platforms still want users and merchants despite a changing environment.

They mention Taobao, JD.com, Pinduoduo, Douyin, Kuaishou, Xiaohongshu and others, discussing different sources of traffic and shopping contexts.

He argues the platforms’ mechanisms and objectives differ, so one promotional vocabulary cannot capture all their results.

For newer entrants, he says a sale can also be an opportunity for organizational practice, merchant recruitment and user education. This is his interpretation of platform motives.

02

Different goals and consumers

Singles’ Day means different things to platforms, merchants and consumers: traffic and transactions, inventory and profit, and price and convenience do not always align.

Singles’ Day means different things to platforms, merchants and consumers: traffic and transactions, inventory and profit, and price and convenience do not always align.

He discusses the event’s organizational role, including goals, resource coordination and evaluation. Gross transaction value is not the same as profit.

They discuss customer profiles. His groupings by age, city and household are observations, not authoritative statistics for all consumers.

He offers explanations of shopping habits by gender based on product design and social experience. Individual differences are large, so the generalizations do not describe everyone.

Interfaces, recommendations and payments affect which behaviors are convenient, while preferences also depend on category, income and life context.

03

Complex rules and merchant profit

Asked why rules became more complicated, Zhao says multiple departments and goals accumulated in one event and app, leaving users to face the combined complexity.

Asked why rules became more complicated, Zhao says multiple departments and goals accumulated in one event and app, leaving users to face the combined complexity.

Subsidies, coupons, presales and merchant requirements each have purposes, but together can raise the effort needed to understand them and test consumer patience.

For merchants, higher sales do not necessarily mean higher profit; discounts, advertising, fulfillment and returns affect the result.

They discuss trust and fatigue around promotional prices. Zhao says changing rules may shape expectations, but actual behavior requires data.

Persistent low pricing and everyday promotions may change why consumers wait for a particular sale. Effects can differ by category and platform.

They compare event atmosphere and user intent across platforms. The ranking is a subjective observation from the time, not a uniform market measurement.

04

Livestreams and leading hosts

The conversation turns to livestream commerce. Zhao says viewing, transactions and long-term customer relationships need separate measures, and livestream shares vary by platform and definition.

The conversation turns to livestream commerce. Zhao says viewing, transactions and long-term customer relationships need separate measures, and livestream shares vary by platform and definition.

He discusses why leading hosts emerge, including user trust, platform distribution, supply chains and transaction habits. No single factor explains every host.

He contrasts platform designs: some emphasize routine shopping needs and others interest-based content, potentially creating different user expectations.

Changes among leading hosts can affect user and merchant expectations. Relationships among platforms, hosts and consumers evolve with products and rules.

They discuss how platforms manage leading creators’ traffic. Their explanations of company motives are speculation, not internal decision records.

On a public controversy, they discuss trust among hosts, consumers and brands. The article does not treat unverified allegations or personal judgments as facts.

05

Commerce evolution and the future

Zhao reviews the shift from desktop to mobile commerce in China and uses “traffic, goods, content” to describe changing emphases across periods.

Zhao reviews the shift from desktop to mobile commerce in China and uses “traffic, goods, content” to describe changing emphases across periods.

He says early platforms needed both buyers and sellers; once products became abundant, discovery and selection became new problems.

Content and livestreams offer new discovery routes but also create dependence on recommendations, hosts and platform rules.

He imagines shopping becoming more distributed, with people discovering and buying products in different contexts. This is a product forecast.

He suggests WeChat Channels may become a significant commerce participant and gives a period estimate and growth forecast. The interview does not independently verify those figures.

Discussing value allocation, he compares possible costs and income for platforms, hosts and merchants. Actual proportions vary by contract, category and accounting.

The host raises merchants’ concerns about lowest-price requirements and traffic allocation. Zhao interprets some arrangements as negotiations; this does not establish that all transactions are fair or voluntary.

06

Behind the campaign

He recalls sale preparations starting months ahead, including merchant communication, assortment, resource allocation and technical rehearsals. The process reflects his experience at the time.

He recalls sale preparations starting months ahead, including merchant communication, assortment, resource allocation and technical rehearsals. The process reflects his experience at the time.

He describes teams watching data and systems during the event, saying the actual control room could be less dramatic than outsiders imagine.

Livestream merchants and operations teams also handle live issues, with some technical staff monitoring in shifts; automated alerts do not replace every human intervention.

The host frames the campaign plan as organizational coordination. Zhao says broad goals must be broken into actionable measures such as traffic, sessions and conversion.

Metrics can coordinate teams but should be considered alongside profit, user experience and long-term relationships rather than one large number.

He recalls team celebrations and leaders visiting staff, noting that his description is personal experience rather than every team’s culture.

On high-profile products such as Moutai, he says some purchases involve social use, collecting or price expectations. These are his observations, not judgments about every buyer.

07

Consumer discussion and the event’s future

Looking back at the 2023 sale, they note many jokes and discussions about the event. Social attention alone cannot measure total consumption or the economy.

Looking back at the 2023 sale, they note many jokes and discussions about the event. Social attention alone cannot measure total consumption or the economy.

He says more platforms and stronger competition changed resource allocation. His explanation and demand assessment should be considered with actual market data.

The host mentions cross-app advertising. They discuss customer acquisition and attention competition without inferring ad effectiveness or a platform’s financial performance.

They ask whether Singles’ Day will disappear. Zhao says the name, promotion format and participation may change; the future remains uncertain.

The interview closes on shopping events and consumer habits. The article preserves the 2023 experiences and forecasts in their historical context.

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