Pinduoduo's pricing system is a huge harm to Chinese brands and Chinese industries," Zhong said at an event, emphasizing the negative impact of aggressive pricing in the e-commerce sector.
I hope Mr. Zhang Yiming, Douyin, Toutiao, and all the media that have hurt me personally with rumours will apologise," Zhong expressed his disappointment in a call for accountability from ByteDance.
Nongfu Spring faced backlash this year due to accusations of using Japanese-inspired imagery, leading to a viral campaign against the brand that severely impacted its market value.
Zhong Shanshan's challenges underscore the risks faced by businesses in China's digital landscape, marked by aggressive competition and social media ramifications that can quickly escalate.
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