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Core Insights - The extended 618 shopping festival failed to ignite consumer enthusiasm, leading to a quieter event than in previous years [3] - Consumers expressed frustration over price manipulation tactics, such as raising prices before discounts and complicated promotional rules [3][4] - The traditional promotional model is under pressure, prompting some merchants to adopt alternative strategies to survive [4][5] Group 1: Traditional Promotions and Consumer Sentiment - The 618 event lasted 37 days, spanning multiple holidays, but did not effectively engage consumers [2] - Many consumers reported negative experiences, including inflated prices and complicated discount structures [3][4] - Despite efforts to simplify rules, the core issues of price wars and low profit margins for small businesses remain [4][5] Group 2: Alternative Strategies by Merchants - Some merchants, like "奶思加nice家居," opted to pause participation in traditional promotions to avoid losses from price wars [4][5] - The rising cost of advertising and the need for competitive pricing create a challenging environment for small businesses [4][5] - Merchants are exploring new avenues, such as the "友好市集" on Xiaohongshu, which emphasizes quality and trust over aggressive discounting [6][12] Group 3: The "友好市集" Initiative - The "友好市集" aims to create a more trustworthy shopping environment by setting high standards for participating merchants [6][8] - This initiative has shown promising results for some merchants, leading to increased sales and reduced return rates [11][25] - The platform's focus on community-driven commerce aligns with consumer preferences for quality and genuine engagement [40][41] Group 4: Future Implications for E-commerce - The success of the "友好市集" could signal a shift in e-commerce dynamics, moving away from price-centric competition to value-driven transactions [37][40] - The initiative's design encourages a more natural integration of shopping into community interactions, appealing to value-sensitive consumers [40][41] - Ongoing adjustments to the program, such as coupon reductions, will be critical in assessing its long-term viability [39][41]

Group 1 - The core viewpoint is that the instant retail market is expected to grow rapidly, with a projected compound annual growth rate of around 30% over the next seven years, potentially reaching approximately 28.2 trillion by 2030 [1][3]. - As of June 30, the gross transaction value (GTV) for Meituan's flash purchase reached 175 billion, while JD Daojia and Ele.me's total GTV were 70.8 billion and approximately 40 billion, respectively, leading to a combined total of about 285.8 billion for the top three players [1]. - The overall industry is estimated to reach around 450 billion when including other channels like Hema, Dingdong, and Sam's Instant Delivery, indicating significant growth potential [1][3]. Group 2 - Instant retail is seen as a key growth area due to the digitalization of offline retail and the suitability of fresh produce for same-city retail scenarios, with a market potential exceeding 10 trillion across various daily necessities [3][5]. - Self-operated instant retail platforms like Hema and Meituan's grocery delivery are expected to integrate more with offline supermarkets, creating a hybrid model that could reach a scale of at least 1 trillion, compared to their current scale of just over 100 billion [5][7]. - Traditional e-commerce is also evolving towards same-city retail, with platforms like JD and Douyin Supermarket enhancing delivery efficiency, blurring the lines between instant retail and traditional e-commerce [7].

As filed with the U.S. Securities and Exchange Commission on October 7, 2024. Registration No. 333-281605 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 WEBUY GLOBAL LTD (Exact name of registrant as specified in its charter) | | | (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (IRS. Employer Identification Number) If this Form i ...