A few days later, the media did not notice any actions taken by Ryan Chen, but found a new piece of news on the official website of Century Zongheng.
A new company, Jingxi Century Trading Co., Ltd., was established under Century Zongheng Group.
Jingxi Company aims to gather more people's strength, buy better things at lower prices, and experience more benefits and fun. Through the social concept formed by communication and sharing, a unique new social e-commerce platform has been formed, Balala
The O2O group buying market is now caught in fierce competition. As an Internet leader, Century Zongheng did not make efforts here. Instead, it established a new company, Jingxi. Judging from the description, it does not seem to be doing group buying, but rather it seems to be setting up some new e-commerce platform.
This move by Century Zongheng attracted doubts from some media, which criticized Ryan Chen for missing the point, being fanciful, and not doing his job properly.
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