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Yipin Fresh Doesn't Do Business, Only Chases 'Trends'
Yipin Fresh has not developed its own unique development strategy; instead, it frequently chases trends for short-term gains, failing to turn fresh food into a trend but rather running after trends. Recently, news about Yipin Fresh store closures and bankruptcy has surfaced, with reports of 22 stores in Bengbu, Anhui closing overnight, leaving hundreds of employees jobless.
金诺Hema Prepares for Hong Kong IPO, Opening a New Chapter
Hema has spent eight years proving that 'new retail' is not a false proposition, and it is anticipated whether it can successfully fire the first shot of independent listing after Alibaba's split. According to previous reports from Bloomberg, Hema has begun preparations for a Hong Kong IPO and has selected CICC and Morgan Stanley to arrange the listing next year.
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