Zhong Shanshan Slams Pinduoduo's Low-Price Strategy: Who's Paying for E-commerce Price Wars?
Zhong Shanshan Slams Pinduoduo's Low-Price Strategy: Who's Paying for E-commerce Price Wars?Recently, Nongfu Spring chairman Zhong Shanshan, during an inspection trip to Ganzhou, Jiangxi province, sharply criticized the price wars prevalent in e-commerce platforms, particularly Pinduoduo's "hundreds of billions subsidy" strategy. He believes this low-price tactic is not only a case of "bad money driving out good," but also significantly harms Chinese brands and industries, reflecting deeper underlying issues in industrial development...