Core Insights - Taobao Flash Sale has officially launched a new convenience store brand called "Taobao Convenience Store" [2] - The brand will operate in a flash warehouse model, leveraging Alibaba's supply chain advantages to provide a comprehensive shopping experience with 24-hour service and 30-minute delivery [2] - The service will be available to consumers starting November 1, and the convenience store will gradually expand to over 200 cities nationwide [2] Financial Commitment - Taobao Flash Sale plans to invest 2 billion yuan (approximately 0.3 billion USD) in the next year to support merchants in building quality warehouses, enhancing product quality, improving logistics capabilities, and promoting continuous digital capability upgrades [2]