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Franchisee Misconduct Forces Apology from Pagoda
On May 7, Pagoda, which is preparing for its Hong Kong IPO, issued an apology on its official Weibo after a video exposed two franchise stores selling overnight or spoiled fruit and misrepresenting small pineapples as large ones. The incident has raised concerns about the company's heavy reliance on franchise stores and its ability to maintain quality control.
张霏Exclusive | Hunan Stronghold Completely Lost, Shihui Tuan Is 'Disappearing'
Shihui Tuan, a name gradually drifting away from the center of community group buying, has completely exited its home base of Hunan Province. According to multiple independent sources, Shihui Tuan fully shut down its Hunan operations in mid-to-late February 2022, marking the loss of its last stronghold.
张霏