Pop Mart’s Early Backer Bets Price War Will Persist in China
The price war engulfing China’s consumer sector is likely to persist, as sluggish demand and rising efficiency at local firms keep driving costs lower, according to a venture capital investor...
By Charlie Zhu, Lulu Shen · Bloomberg Markets
The price war engulfing China’s consumer sector is likely to persist, as sluggish demand and rising efficiency at local firms keep driving costs lower, according to a venture capital investor backing some of China’s most successful consumer brands.