
Core Viewpoint - Major e-commerce platforms are aggressively competing for users during the 618 mid-year promotion, utilizing strategies like substantial subsidies to attract customers, particularly in the high-margin liquor segment, where well-known brands are becoming key products for driving traffic [1][2][3] Group 1: Price Trends and Discounts - During the 618 period, e-commerce platforms offered significant subsidies on premium liquor brands such as Moutai and Wuliangye, with some prices dropping below wholesale reference prices [2][3] - The price of 53-degree 500ml Moutai has notably decreased, with current prices ranging from 2099 to 2200 yuan per bottle, down from approximately 2300 to 2500 yuan last year [2] - Discounts on other high-end liquor brands have also been observed, with some products priced below their respective wholesale prices, indicating a broader trend of price reductions across various liquor categories [3][5] Group 2: Market Dynamics and Competition - The liquor market is experiencing intense competition, with e-commerce platforms and liquor distributors both seeking to clear inventory and attract more users, leading to price reductions [6][7] - Analysts suggest that while subsidies boost online sales, they may disrupt the pricing structure in offline markets, affecting distributors' profit margins [6][7] - Traditional liquor distributors are adapting to the shift towards online sales, with some exploring new marketing strategies like live streaming to maintain competitiveness [6][7] Group 3: Consumer Behavior and Market Shifts - There is a noticeable shift in consumer preferences towards better price-to-quality ratios, with younger consumers increasingly opting for alternative beverages over traditional liquor [8][9] - The wedding market has shown signs of recovery, with a significant increase in booking volumes, yet the price range for wedding liquor has contracted, reflecting changing consumer habits [8] - Major liquor companies are focusing on expanding their product offerings and targeting younger demographics to adapt to evolving market conditions [9]