E-commerce & Instant Retail
Zong Qinghou Was Wrong, Time to Make Peace with Jack Ma!
From 2017 to 2018, the most exciting thing in China's economy, sorry, not blockchain, but the comprehensive penetration of the internet economy into the retail industry. On March 3, 2017, exactly one year ago, during the Two Sessions, Zong Qinghou, then NPC deputy and founder of Wahaha, criticized the internet economy in an interview with Xinhua Net, saying that many e-commerce companies promoted sales and bought traffic, disrupting the price system of the real economy. "They buy your product for one yuan, sell it at a loss of eight cents, and after occupying the market, they raise prices, which impacts the real economy."
朱迅垚