For merchants, as long as you are willing to dig, there will always be gold mines. If you are tired of consumption upgrade, you might as well pay Czech Republic Cell Phone Numbers List attention to consumption downgrade, maybe you can get unexpected gains from it. "Pinduoduo, Pinduoduo, Spell a lot, save a lot..." Unconsciously, many people have been brainwashed by this Pinduoduo advertising Divine Comedy adapted from "I Miss You" for a year. The Czech Republic Cell Phone Numbers List performance myth of Pinduoduo - public information shows that in less than two years, Pinduoduo's paying users reached 200 million, leaving many e-commerce companies behind. What is the force that makes this "rising star" stand out from the fierce competition? The reason is mainly that the trend of "consumption Czech Republic Cell Phone Numbers List downgrade" is at play. We've heard a lot about consumption upgrades, and perhaps it's time to understand what's going on with consumption downgrades. What is consumption Czech Republic Cell Phone Numbers List downgrade? For consumption downgrade, there is no unified definition in the industry at present. The earliest statement with evidence came from Liu Nan, CEO of Miya. She made a definition of "consumption downgrade" at a sharing meeting of Cheung Kong Graduate School of Business in 2017: "Consumption downgrading is not the opposite of consumption upgrading. It does not mean that one party is downgrading consumption and the other is upgrading consumption. It is consumption upgrading, and Czech Republic Cell Phone Numbers List upgrading at the end is downgrading, because we have higher requirements for prices. In the beginning, there are few things, the quality of your work is better, the story is better told, the comprehensiveness is better, and the service is better, you can sell a better price. After everything matures, consumers who finally pay for the Czech Republic Cell Phone Numbers List goods will become less and less likely to pay for the premium as they mature. Therefore, consumption downgrade is an extension of consumption upgrade, not the opposite. " This passage can shed some light on at least the following two questions: (1) Consumption downgrade, downgrades price rather than quality Consumption downgrade focuses on the price requirements.