E-commerce & Instant Retail
The Enemy of Time: Has Time Defeated Community Group Buying?
Community group buying, once a booming sector, is now facing its first major shakeout as major players like Shixianghui and Tongcheng Life have collapsed, and Shihui Tuan and Orange Heart优选 have significantly contracted. The model, which relies on low prices and subsidies, struggles with quality control, after-sales service, and rampant fraud, leading to questions about its long-term viability.
薛机智x