Startups are being forced to transform their business models to survive
However, the upward trend reversed sharply only two months later in January 2018. Shanghai-based Xingbianli, which was founded in June 2017 and had installed over 40,000 shelves stocked with various snacks and bottled beverages by late 2017, began laying off employees and cutting back on operations. Venture capitalists, previously all...
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