Douyin e-commerce announced the phased progress of support policies for the nine major merchants. In November, the platform helped merchants reduce operating costs by more than 3.6 billion yuan through various initiatives such as commission-free commodity cards, multi-category commission-free insurance, and small merchant support funds. The first 11 months of this year saved merchants nearly 29 billion yuan in costs. In terms of helping merchants reduce costs, the amount of commodity card commission-free increased 12% to 1.45 billion yuan in November. The same month was during the outbreak of the Double 11 promotion, which led to an increase in the number of businesses newly covered by the policy by more than 20,000.

Douyin e-commerce announced the phased progress of support policies for the nine major merchants. In November, the platform helped merchants reduce operating costs by more than 3.6 billion yuan through various initiatives such as commission-free commodity cards, multi-category commission-free insurance, and small merchant support funds. The first 11 months of this year saved merchants nearly 29 billion yuan in costs. In terms of helping merchants reduce costs, the amount of commodity card commission-free increased 12% to 1.45 billion yuan in November. The same month was during the outbreak of the Double 11 promotion, which led to an increase in the number of businesses newly covered by the policy by more than 20,000.