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CDON: Q2’21, First Impression of a Challenging Quarter - Redeye

CDON’s Q2’21 report was a mixed bag, where the 3P GMV grew by low single digits, and the effective take rate declined. On the other hand, there were also bright spots, such as improving conversion rates and increased basket sizes. The blunt but optimistic letter from the board was also well-received.

Research 20210714
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