Articles by 远川研究所

The Endgame of Community Group Buying

In December 2020, Ye Guofu, founder of Miniso, predicted that community group buying would spell the end for supermarkets over 500 square meters within a year or two. This model, pioneered by Xingsheng Youxuan, has sparked a fierce battle that threatens traditional wet markets and mom-and-pop stores, raising questions about the balance between efficiency and fairness in China's retail revolution.