E-commerce & Instant Retail
Community Group Buying Top 5 Player 'Xian Nv Guo' Shuts Down, Possibly Due to External Competition and Internal Cost Pressures
Chen Qi, co-founder of 'Xian Nv Guo', said that before the shutdown, 'Xian Nv Guo' ranked approximately fifth among community group buying projects nationwide. The project, which reportedly raised 1 billion yuan and covered over 30 cities in less than a year, has ceased operations.
李丽