Momo's Double 11 Performance Expected to Reach New High

Momo, a leading e-commerce company, held a press conference for the 2026 Double 11 Super event, aiming for double-digit growth and a record high performance. The company's CEO, Yu Yuan-hong, expressed optimism about the company's revenue and profit growth. This year, Momo has partnered with over 10,000 brands and launched seven promotions, including discounts and rewards, starting from November 1st.

The success of Momo's Double 11 event is crucial for the company's position in the competitive e-commerce market, particularly against other major players like Shopee and Coupang. Momo's expansion into services such as food delivery and AI technology also underscores its efforts to diversify and strengthen its market presence, which could have significant implications for the social commerce landscape.