China’s Community Group-Buying Players Are Facing a Reshuffle, Signaling the End of the Fast-Growth, Cash-Burning Bubble Blown by the Country’s Big Tech

The community group-buying model has gained momentum after the coronavirus pandemic sparked a months-long, nationwide lockdown earlier last year. (Source: CGTN)

A market shake-up is taking place

On Saturday night, after putting her five-year-old daughter to bed, Lin Hui reclined on the couch and started browsing Chengxin Youxuan on her phone, a community …