Nongfu Spring is experiencing firsthand the weight of public opinion, and it won’t be the last company to face such scrutiny. Fortunately, consumer sentiment is transient.
Given the significant differences between the US and Chinese markets, is PDD Holdings risking a pyrrhic victory by emulating Pinduoduo’s strategy with Temu?
China’s largest made-to-order beverage company (and the second largest globally) is set to go public in Hong Kong amid an ambitious global expansion initiative.