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Nongfu Spring’s profits soared in 2023 despite public backlash

The decade-old “Oriental Leaf Tea” remained Nongfu Spring’s driving force in 2023, spearheading the company’s growth.

4 mins read
  • Meituan Shangou, its quick commerce business, could play a significant role in its strategy to counter competition from main rival Douyin.

    Insights

    With Douyin looming, Meituan shifts focus back to its core business

    9 mins read

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