Capital, Earnings & M&A
After the Hype: Snacks Face a New Round of Reshuffling and Breakout
Over the past two years, Chinese consumers have achieved 'snack freedom.' From first- and second-tier cities to county towns and even rural streets, snack stores are everywhere, with prices getting cheaper. Even premium brands like Bestore and Three Squirrels have cut prices. But while the front end is bustling, the back end is struggling: price wars have squeezed profits, and the industry is facing a reshuffle.
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