In 2021, 137 major e-commerce enterprises will go bankrupt, marking a new inflection point
The first sin: financing is hard, financing is expensive, opportunities are getting more expensive
The second sin: like to do expansion, diversification development, too much money spent on bells and whistles
The third sin: more willing to engage in marketing and advertising, not willing to invest in research and development, malnutrition lead to unsustainable
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