Group 1 - The end of the subsidy war in the food delivery industry has led to a significant reduction in aggressive subsidies among platforms, resulting in many delivery riders leaving the industry [1] - Nearly 10 million second-hand electric bikes have flooded into second-hand trading platforms like Xianyu over the past six months, with the average transaction price gradually decreasing [1] Group 2 - On July 28, Xianyu launched "Xianyu Flash Purchase," offering second-hand electric bikes, tricycles, and delivery tools, along with virtual products like delivery red envelopes and free order rights, creating a "hardware + service" one-stop trading ecosystem [4] - The price of slightly defective delivery vehicles can be as low as 40% off [4]